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Cindy Medavoy will invest $6,250 a year for 22 years in a fund that will earn 15% annual interest. If the first payment into the

Cindy Medavoy will invest $6,250 a year for 22 years in a fund that will earn 15% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 22 years? If the first payment occurs at year-end, what amount will be in the fund in 22 years?

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