A company has $48,000 today to invest in a fund that will earn 4% compounded annually. How much will the fund contain at the end of 6 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
A. $49,920
B. $59,520
C. $60,600
D. $65,304
E. $60,734
Answer: E
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