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Ramon and Mia want to invest $2000 at the end of this year into an investment account. They plan to invest 10% more next year,
Ramon and Mia want to invest $2000 at the end of this year into an investment account. They plan to invest 10% more next year, and will continue to increase their contributions 10% from each year to the next. Assuming the annual investment rate of return is 8%, what will be the value of the investment at the end of 20 years. Please show all work and if possible show steps on how to solve on a financial calculator!!!
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