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Your company is investing in a fund that is expected to earn 3% annual interest (compounded annually) for the first 4 years and 9% annual
Your company is investing in a fund that is expected to earn 3% annual interest (compounded annually) for the first 4 years and 9% annual interest (compounded annually) for the next 6 years. If your company invests $1,000 each year for the first 5 years and $12,000 for the remaining 5 years, how much money will be in the fund after 10 years.
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