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How much money will you have in 10 years if you deposit $1,000 today followed by $100 per month in a mutual fund that provides a return of 8.78% APR? Rate Nper PMT PV FV Type

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FVordinary Annuity C C Cash flows per period l-interest Rate per period- 8.78% / 12-0.73% n no. of Payments 12 months x 10 yrs 120 100 FV 100x[((1+.0073) 120)-11/.0073 FV 100x[((1.0073) FV- 100 x 191.125 120) -11/.0073 (A) FV 19112.5890663219 FV- 1000 x (1+0.0878) 10 FV 1000x 2.32000 (B) FV 2320.013675 (A+B) Total Future value 21432.60274

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