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Sally Medavoy will invest $8,760 a year for 18 years in a fund that will earn 12% annual interest If the first payment into the

Sally Medavoy will invest $8,760 a year for 18 years in a fund that will earn 12% annual interest

If the first payment into the fund occurs today, what amount will be in the fund in 18 years?

If the first payment occurs at year-end, what amount will be in the fund in 18 years?

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