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QUESTION
You are scheduled to receive $28,000 in two years. When you receive it, you will invest it for 9 more years at 5.0 percent per year. How much will
You are scheduled to receive $28,000 in two years. When you receive it, you will invest it for 9 more years at 5.0 percent per year. How much will you have in 11 years?
$47,889.50
$41,265.33
$43,437.19
$45,609.05
$31,416.52
