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FinanceQ&A LibraryYou want to go to grad school 3 years from now, and you can save $5,000 per year for consecutive three years, beginning immediately. You plan to deposit the funds in a mutual fund which you expect to return 9% per year. Under these conditions, how much will you have 3 years from now? Can someone tell me how to solve this because I keep getting wrong answers.Start your trial now! First week only $4.99!*arrow_forward*

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You want to go to grad school 3 years from now, and you can save $5,000 per year for consecutive three years, beginning immediately. You plan to deposit the funds in a mutual fund which you expect to return 9% per year. Under these conditions, how much will you have 3 years from now?

Can someone tell me how to solve this because I keep getting wrong answers.

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