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Andy sets up a retirement fund by making annual payments at the end of each year for 25 years. The first payment is $1,000 and

  1. Andy sets up a retirement fund by making annual payments at the end of each year for 25 years. The first payment is $1,000 and each subsequent payment is increased by $100 over the previous one. The fund earns 6.5% annually. What is the accumulated value in the fund at the end of the 30 years?

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