Nancy Cardoza invested $2,450 in ExxonMobil stock because her research indicated the company should average an 8

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Nancy Cardoza invested $2,450 in ExxonMobil stock because her research indicated the company should average an 8 percent return over the next 4 years. If ExxonMobil does earn 8 percent each year, what will her $2,450 investment be worth at the end of 4 years? (To solve this problem, you may want to use Exhibit 1-A in the appendix that follows chapter 1.)
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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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