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Beginning one year from today, Kyle will begin investing $4,000 at the end of each year for ten (10) years at 9% interest compounded annually.
Beginning one year from today, Kyle will begin investing $4,000 at the end of each year for ten (10) years at 9% interest compounded annually. Question \#1: Rounded to the nearest whole dollar, how much will Kyle have in his account at the end of year ten, immediately after his last payment? Note: You may use the factor tables located in the appendix of your textbook or use the factor table links located at the bottom of this question. The factor table you select should open up in a new window on your computer. Answer: s (Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.) Question \#2: Rounded to the nearest whole dollar, how much in total interest did Kyle earn over the entire ten years? Answer: $
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