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At age 22, Ann starts investing $2000 per year with the investments at the end of each year. She does this for 7 years. She
At age 22, Ann starts investing $2000 per year with the investments at the end of each year. She does this for 7 years. She never invests any more but she leaves this money in the no-load mutual fund. The fund earns 12% per year. Calculate the value of the fund when Ann is 65. Assume annual compounding.
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