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You establish a 40-year savings plan in an equity fund. The monthly savings amount is NOK 1,000 and deducted from your payroll account at the
You establish a 40-year savings plan in an equity fund. The monthly savings amount is NOK 1,000 and deducted from your payroll account at the end of each month. The fund's expected annual return is 6% (0.5% per month).
What is the expected final value of your fund account after 40 years?
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