Dawn decides to invest $2000 per year in stock at the beginning of each of the next

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Dawn decides to invest $2000 per year in stock at the beginning of each of the next five years. She believes that she can earn a nine percent return, compounded annually, over that time period. How much will Dawn’s investment be worth at the end of five years?

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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