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Dana expects to retire in 9 years. She plans to deposit 5500 at the end of each month only for the first five years into

Dana expects to retire in 9 years. She plans to deposit 5500 at the end of each month only for the first five years into a savings fund. If interest is 7.5% compounded monthly, what will the value of the fund be when Dana retires in 9 years? ( 4 Marks)

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