Given the following information about your investment: You committed to investing $200,000 into a...

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Accounting

Given the following information about your investment:

  • You committed to investing $200,000 into a Hockey Arena Fund at the beginning of every quarter
  • for the next seven years.
  • The Fund is expected to earn 8% compounded quarterly.

What will be the value of the fund at the end of the seven years?

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