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An individual is planning to set-up an education fund for her daughter. She plans to invest $7,800 annually at the end of each year. She
An individual is planning to set-up an education fund for her daughter. She plans to invest $7,800 annually at the end of each year. She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 9 years?
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$97,403.28
$50,845.08
$75,816.00
$56,160.00
$140,400.00
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