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Serena Medavoy will invest $6,420 a year for 24 years in a fund that will earn 5% annual interest. Click here to view factor tables

Serena Medavoy will invest $6,420 a year for 24 years in a fund that will earn 5% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 24 years? If the first payment occurs at year-end, what amount will be in the fund in 24 years?

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