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Elsa is planning to set - up an education fund for her daughter. She plans to invest $ 7 , 1 0 0 annually at

Elsa is planning to set-up an education fund for her daughter. She plans to invest $7,100 annually at the end of each year. She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 9 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1)(Use appropriate factor(s) from the tables provided.)
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$46,282.06
$51,120.00
$88,661.96
$69,012.00
$127,800.00
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