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Round up to two decimal placesfor answers if any. Negative answers must be input as a neg

 Round up to two decimal placesfor answers if any. Negative answers must be input as a negativenumber, else it w be counted wrong.

Assume you invest $5,300 at the end of each year into an equityfund. The fund is expected to pay 11.4% percent interest annually.How much money will you have in the fund in 20 years? [See theanswer (your wealth at the end): this is called the effect ofcompounding]

Dec 04 2019 View more View Less

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