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Calculate the amount available after 20 years assuming that the investor reinvests all distributions. All funds considered generate a 10% annual return throughout the period

Calculate the amount available after 20 years assuming that the investor reinvests all distributions. All funds considered generate a 10% annual return throughout the period and the amount invested annually is always $3000. The fund charges a 5% load fee so that only $2850 is actually invested in the fund every year. (Assume that distributions are not subject to the load fee) .

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