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Lydia is the CFO of Ko Go Inc. Lydia plans to invest $500 per month for the next five years in a mutual fund averaging
Lydia is the CFO of Ko Go Inc. Lydia plans to invest $500 per month for the next five years in a mutual fund averaging an annual return of 10%. At the end of the five years, Lydia wants to invest the entire amount to yield 8% for 10 years. If the preceding events occur as planned, Lydia would like to know how much she will have 15 years from now.
A. $17,444
B. $38,719
C. $57,983
D. $83,590
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