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QUESTION 29 Calculate Future Value Market-Wise Mikaela has saved a lot of money over the last few years and just deposited a lump sum of
QUESTION 29 Calculate Future Value Market-Wise Mikaela has saved a lot of money over the last few years and just deposited a lump sum of $12,000 into a no load growth stock mutual fund. She has also sacrificed her purchasing "wants" and reduced her monthly expenses so she can invest $200 per month into a no load diversified balanced fund. Calculate the future value of all of Mikaela's investments in 30 years if she has expected annual rates of return as follows: Growth Stock Mutual Fund: 10% Diversified Balance Mutual Fund: 7%
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