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Question 5 of 20 - / 0.65 WIN - ... View Policies Current Attempt in Progress Pearl Medavoy will invest $8,640 a year for 20 years in a fund that will earn 12% annual interest. Click here to view factor tables. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) First payment today First payment at year-end $Question 3 of 20 View Policies Current Attempt in Progress Kimberly Willis will invest $33,500 today. She needs $ 138,709 in 21 years. Click here to View factor tables. What annual interest rate must she earn? (Round answer to 0 decimal places, 3.3. 7%.) Interest rate %Step by Step Solution
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