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. You plan to invest $1 million per year for the next 3 years to meet future professional liability payments. If the fund earns interest
. You plan to invest $1 million per year for the next 3 years to meet future professional
liability payments. If the fund earns interest at a rate of 5% per annum, how large will the
balance be in 5 years? Assume that no payments for claims are made until then.
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