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An investor has decided to invest $175.00 per month in a mutual fund. This type of mutual fund has historically returned an average of 5.75%

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An investor has decided to invest $175.00 per month in a mutual fund. This type of mutual fund has historically returned an average of 5.75% per year over the last 10 years. The investor understands that historical retums are not indicative of future returns, but wants to projoct a potential amount that might be available after 5 years of making these monthly investment. What amount might be avallable at the end of the 5 -year penod using this historical return number

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