Floyd wants to invest the $15,000 he received from his grandfathers estate. He wants to use the
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Floyd wants to invest the $15,000 he received from his grandfather’s estate. He wants to use the money to finance his education when he pursues his doctorate in five years. What amount will he have in five years if he earns a 6% return? If he receives an 8% return? A 10% return?
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