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Question 44 (7 points) An investor with no current savings is expected to generate a 5.00 percent net annual mutual fund return each year over

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Question 44 (7 points) An investor with no current savings is expected to generate a 5.00 percent net annual mutual fund return each year over a 40-year investment horizon and contribute $7,000 at the end of each of the next 40 years into the investment account. What is the investment account balance at the end of 40 years? 1) Less than $200,000 2) Between $200,000 and $500,000 3) Between $500,001 and $800,000 4) Greater than $800,000

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