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Brief Exercise 6-5 Pearl Medavoy will invest $8,440 a year for 25 years in a fund that will earn 11% annual interest. If the first
Brief Exercise 6-5 Pearl Medavoy will invest $8,440 a year for 25 years in a fund that will earn 11% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 25 years? If the first payment occurs at year-end, what amount will be in thee fund in 25 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First payment today First payment at year-end Brief Exercise 6-5 Pearl Medavoy will invest $8,440 a year for 25 years in a fund that will earn 11% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 25 years? If the first payment occurs at year-end, what amount will be in thee fund in 25 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First payment today First payment at year-end
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