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Sally Medavoy will invest $8,000a year for20years in a fund that will earn6% annual interest. If the first payment into the fund occurs today, what
Sally Medavoy will invest $8,000a year for20years in a fund that will earn6% annual interest.
If the first payment into the fund occurs today, what amount will be in the fund in20years? If the first payment occurs at year-end, what amount will be in the fund in20years?(Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
First payment today?
First payment at year-end?
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