At the beginning of each year, you deposit the following into a growthmutual fund that earns 6 percent per year:Year         Deposit1            $ 5,000.002             7,500.003            4,500.004              5,500.005             6,200.00              ========             $28,700.00How much should the fund be worth at the end of 5 years?

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A:

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A: EXCEL FORMULA:

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Q: At the beginning of each year? ___________ At the end of each year?

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A: Please refer to the image below.

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