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Submit An individual is planning to set-up an education fund for his grandchildren. He plans to invest $10,000 annually at the end of each year.

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Submit An individual is planning to set-up an education fund for his grandchildren. He plans to invest $10,000 annually at the end of each year. He expects to withdraw money from the fund at the end of 10 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 10 years? PV of $1. F.01 $1. PVA of $1 and EVA of $1 (Use appropriate factor(s) from the tables provided) Multiple Choice 546,320 $62107 o $100,000 5144 306 5215.000 10 of 10 Ned

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