What will be the balance in the fund on january
Pooh wants to purchase a car on Jan 1, 20X5. She plans to make five payments of $700 each year, beginning Jan 1,20X0 in a money market fund that earns 9%. What will be the balance in the fund on Jan 1, 20X5?
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Becky wants to invest $3,200 in a money market fund at the end of each year for three years in order to save money to go to college.
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