AmyMedavoy will invest $5,890a year for17years in a fund that will earn12% annual interest. If the first
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Question:
AmyMedavoy will invest $5,890a year for17years in a fund that will earn12% annual interest.
If the first payment into the fund occurs today, what amount will be in the fund in17years? If the first payment occurs at year-end, what amount will be in the fund in17years?(Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
First payment today: $___________
First payment at year-end: $___________
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