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Computing the Future Value of an Annuity Stone will deposit $7,500 at the end of each year for 10 years in a fund that earns
Computing the Future Value of an Annuity
Stone will deposit $7,500 at the end of each year for 10 years in a fund that earns 7%, compounded annually. What is the total amount of the fund at the end of 10 years?
- Round answer to the nearest whole dollar.
- Do not use a negative sign with your answer.
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