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Suppose you invest $500 in a mutual fund today and $600 in one year. If the fund pays 8.807% compounding semi annually, how much will

Suppose you invest $500 in a mutual fund today and $600 in one year.

If the fund pays 8.807% compounding semi annually, how much will you have in two years?

How much will you have in 5 years if you make no further deposits?

First way:

Second way use value at year 2:

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