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QUESTION
(2pts) You decide to invest $100 a year for 3 years. You make the first $100 investment today.
- (2pts) You decide to invest $100 a year for 3 years. You make the first $100 investment today. How much will these investments be worth 4 years from today if you invest at an annual rate of return of 20%? Solve this problem by modifying the formula for the future value of an ordinary annuity.
