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Equal-Payment Series 2.33 You are planning to contribute $8.000 a year into a mutual fund that earns an average at 8% per year. If you
Equal-Payment Series 2.33 You are planning to contribute $8.000 a year into a mutual fund that earns an average at 8% per year. If you continue to contribute for the next 10 years, how much would you have in your account? 2.34 What is the future worth of a series of equal yearly deposits of $6,000 for 6 years in a savings account that earns 5% annual compound interest if (a) all deposits are made at the end of each year? (b) all deposits are made at the beginning of each year
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