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Milly agreed to set aside $ 5 0 0 at the beginning of each year for the next 1 0 years in an education fund

Milly agreed to set aside $500 at the beginning of each year for the next 10 years in an education fund for her only child. The fund pays interest at 3% p.a. compounded annually. What will be the balance of the fund at the end of the ten years (rounded to the nearest dollar)?
Question 7 options:
a)
$5,732
b)
None of the answers included with the question
c)
$6,300
d)
$5,904
e)
$7,924

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