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Suppose you have $50,000 today to invest. You can invest in a mutual fund that is expected to earn a 10% return, compounded semiannually. If
Suppose you have $50,000 today to invest. You can invest in a mutual fund that is expected to earn a 10% return, compounded semiannually. If you plan to add $500 every six months to that account, how much will you have in 5 years?
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