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Question: timothy invested 8000 at the end of every year for...

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Timothy invested $8,000 at the end of every year for 10 years into a stock portfolio. The portfolio generated an annual return of 15% for the first 6 years. With the event of COVID 19, the rate of return declined to 5% p.a. for the duration of the investment term. What is the value of the portfolio at the end of Year 10?

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