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Ramon and Mia want to invest $5,369 at the end of this year into an investment account. They plan to invest 10.6% more next year,
Ramon and Mia want to invest $5,369 at the end of this year into an investment account. They plan to invest 10.6% more next year, and will continue to increase their contributions 10.6% from each year to the next. Assuming the annual investment rate of return is 4.4%, what will be the value of the investment at the end of 5 years?
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