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How much will $3,000 invested at the end of each year grow to in 5 years, assuming an interest rate of 8% compounded annually? Note:

How much will

$3,000

invested at the end of each year grow to in 5 years, assuming an interest rate of

8%

compounded annually?\ Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of

$1

, PV of

$1

, , FVA of

$1

, and PVA of $1).

image text in transcribed
How much will $3,000 invested at the end of each year grow to in 5 years, assuming an interest rate of 8% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1,PV of $1, FVA of $1, and PVA of \$1). How much will $3,000 invested at the end of each year grow to in 5 years, assuming an interest rate of 8% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1,PV of $1, FVA of $1, and PVA of \$1)

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