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You are scheduled to receive $5500 in 2 years. when you receive it, you will invest it for 10 years at a rate of 7.00%. how much will you have at the end of 12 years?

You are scheduled to receive $5500 in 2 years. when you receive it, you will invest it for 10 years at a rate of 7.00%. how much will you have at the end of 12 years?
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you are scheduled to receive $5500 in 2 years. when you receive it, you will invest it for 10 years at a rate of 7.00%. how much will you have at the end of 12 years?

User Nikunj Paradva
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1 Answer

2 votes

Answer:

$2380.21 is the correct answer

User Mohan Radhakrishnan
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8.3k points
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