Solved: Anne boleyn will invest 5000 a year for 20 years in a fund, Accounting Basics

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Anne boleyn will invest 5000 a year for 20 years in a fund

1. Anne Boleyn will invest $5,000 a year for 20 years in a fund that will earn 12% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years?

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