You set up a college fund in which you pay $3200 each year at the beginning...

 

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You set up a college fund in which you pay $3200 each year at the beginning of the year. How much money (in $) will you have accumulated in the fund after 24 years, if your fund earns 8.5% compounded annually? Be sure to round to the nearest penny. You set up a college fund in which you pay $3200 each year at the beginning of the year. How much money (in $) will you have accumulated in the fund after 24 years, if your fund earns 8.5% compounded annually? Be sure to round to the nearest penny.

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