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Giana has been dollar cost averaging into a mutual fund for the past 12 years. She started out with a lump sum of $12,000. At
Giana has been dollar cost averaging into a mutual fund for the past 12 years. She started out with a lump sum of $12,000. At the end of every month she added the profit from her apartment building, which was $1,200 per month. Interest was compounded monthly. If she has enjoyed an annual return of 12.12%, what is her fund worth today?
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