Question: Every year end, Marin invests $ 4 , 0 0 0 in Canadian growth stocks via his mutual fund for retirement savings. If Marin averages

Every year end, Marin invests $4,000 in Canadian growth stocks via his mutual fund for retirement savings. If Marin averages an 11% annual return and plans to retire 27 years from now, how much will he have in his mutual fund at retirement? (Solve for future value of an annuity.)

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