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QUESTION

Clark has an investment proposal that invites him to invest $1,000 a year for ten years in a hotel and promises to pay him a return of 11% per year.

Clark has an investment proposal that invites him to invest $1,000 a year for ten years in a hotel and promises to pay him a return of 11% per year. If Clark agrees, how much will his investment be worth at the end of ten years?

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