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Assume that you invest $1250 at the end of each of the next 15 years in a mutual fund. You currently have $10,000 in the
Assume that you invest $1250 at the end of each of the next 15 years in a mutual fund. You currently have $10,000 in the mutual fund. The annual rate of interest that you expect to earn in this account is 4.35%. The amount in the account at the end of 15 years is $58,940.30 $25,690.50 $37,009.35 $44,630.81 $28,750.00
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