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Joey is planning to invest his savings in a fixed income fund. He manages to deposit $700 at the end of the first year, $500
Joey is planning to invest his savings in a fixed income fund. He manages to deposit $700 at the end of the first year, $500 at the end of the second year, and $300 at the end of the third year. If the fund earns 6 percent interest each year, the value of this mixed stream at the end of Year 3 is a. $1,855 b. $2,097 c. $1,617 O d. $2,314
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