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Salvatore will contribute $640 to a mutual fund at the beginning of each calendar quarter....

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Accounting

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Salvatore will contribute $640 to a mutual fund at the beginning of each calendar quarter. a. What will be the value of his mutual fund after 61/2 years if the fund earns 9% compounded annually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Value of mutual fund $ b. How much of this amount represents investment earnings? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Investment earnings $

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