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You want to go to Europe 5 years from now, and you can save $3,500 per year, beginning one year from today. You plan to
You want to go to Europe 5 years from now, and you can save $3,500 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 7.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? (Multiple Choice)
Question 8 options:
| $28,549.86 |
| $20,329.37 |
| $22,314.79 |
| $20,754.56 |
| $19,927.74 |
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