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Joe Smith put the $100,000, which he inherited from his dad when he died early this year, in the mutual fund. In addition to that,
Joe Smith put the $100,000, which he inherited from his dad when he died early this year, in the mutual fund. In addition to that, he decides to invest $2000 in the same mutual fund at the end of each year for the future 20 years (including this year). How much will Joe have in 20 years assuming the mutual fund generates 10% rate of return?
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