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An investor places $2,000 into a fund on the first day of the year. The investor places an additional $500 into this fund on the
An investor places $2,000 into a fund on the first day of the year. The investor places an additional $500 into this fund on the last day of the year, and the investor continues to place $500 into the fund on the last day of the next five years. If the fund offers 6% APR, compounded annually, what is the value of this fund at the end of this six-year period?
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