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The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans. ( Assume end - of -

The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans. (Assume end-of-month deposits and withdrawals and monthly
compounding, and assume that the quoted rate of return continues indefinitely.)
How much would be accumulated after 20 years in a retirement account invested entirely in the Fidelity stock fund with payments of $300 per month? HINT [See Quick Example 1.](Round your
answer to the nearest cent.)
$
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