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  3. 3. you plan to make annual end-of-the-year payment

3. You plan to make annual end-of-the-year payments of 50,000 into an account that pays...

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Finance

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3. You plan to make annual end-of-the-year payments of 50,000 into an account that pays an annual rate of 20% per year for 20 years with the first payment due at the end of year 6 and the last due at the end of year 25. How much money will you have in the account at the end of your investment horizon

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