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T. Rowe Price's New Income Fund has historically returned an EAR of 8.16% per year. If you use historical performance as a guide to future

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T. Rowe Price's New Income Fund has historically returned an EAR of 8.16% per year. If you use historical performance as a guide to future performance, how much would you have at the end of twelve years if you made twenty-four semiannual investments of $3,000, beginning immediately, into this fund

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