You currently (at the end of year 0) have $10,000 invested in an investment fund and you
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Question:
You currently (at the end of year 0) have $10,000 invested in an investment fund and you plan
to add $300 to this fund at the end of every month. The fund is expected to earn an interest rate
of 12% p.a., compounded monthly. At the end of 5 years, the total dollar value in this investment
fund will be closest to?
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