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Margaret Moore is 20 years old and plans to make the following investments beginning next year. She will invest $3,900 in each of the next
Margaret Moore is 20 years old and plans to make the following investments beginning next year. She will invest $3,900 in each of the next three years and will then make investments of $4,400,$4,500,$4,600, and $4,800 over the following four years. If the investments are expected to earn 11.10 percent annually, how much will Margaret have when she turns 30? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Future value \$
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