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From 1965 to 2018, S&P 500 stock market index has gained a compounded return of 10.5% per year. Meanwhile, during all those years, Rick has
From 1965 to 2018, S&P 500 stock market index has gained a compounded return of 10.5% per year. Meanwhile, during all those years, Rick has been investing $500 per year into the US S&P 500 stock portfolio. How much would be Rick's investment value by the end of 2018? Show the excel formula.
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