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You want to go to Europe 5 years from now,and you can save $3,100 per year,beginning 1 year from today.You plan to deposit the funds in a mutual fund that you expect to return 8.5% per year.Under these conditions,how much will you have just after you make the fifth deposit,5 years from now?
Contributing Factors
Elements or conditions that play a significant role in causing or influencing an outcome or event.
The Computer
An electronic device capable of executing complex calculations and tasks according to a set of instructions called programs.
Sociocultural
Pertaining to the interactions between social and cultural factors that influence behavior and development.
Lev Vygotsky
A psychologist known for his theory of cognitive development, suggesting that social interaction plays a fundamental role in the development of cognition.
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