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FINC 6352 To save for a down payment of a home, Olivia can save $4,725 per year, beginning one year from today. She plans to

FINC 6352

To save for a down payment of a home, Olivia can save $4,725 per year, beginning one year from today. She plans to deposit the funds in a mutual fund that will return 2.9% per year. Under these conditions, how much would she have 7 years from now?

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