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You have just completed your bachelors degree and will start working immediately. You decide to start your MBA degree 3 years from now. You can

You have just completed your bachelors degree and will start working immediately. You decide to start your MBA degree 3 years from now. You can save $7,500 per year, beginning one year from today. You deposit the funds in a mutual fund that will return 8% per year. How much money will you have in three years when you are ready to begin an MBA?

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