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Computing the Future Value of a Single Amount Evans invested $200,000 today in a mutual fund earning 6% interest, compounded annually. Round answers to the

Computing the Future Value of a Single Amount

Evans invested $200,000 today in a mutual fund earning 6% interest, compounded annually.

Round answers to the nearest whole dollar.
Do not use negative signs with any of your answers.

a.	What is the value of the mutual fund in 5 years?
b.	What is the value of the mutual fund in 20 years?

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