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An investment banker decides to invest his year - end bonus each year into a mutual fund for future use. He is able to earn

An investment banker decides to invest his year

-

end bonus each year into a mutual fund for future use. He is

able to earn

12.00 %

per year on average on his mutual fund. If he projects the following cash flows for the next

four years, what is the future value of his account at the end of the fourth year?

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