Donna can invest today in a fund that will guarantee her a 5% return compounded annually for

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Donna can invest today in a fund that will guarantee her a 5% return compounded annually for five years. She can invest $1,200 today, $1,400 one year from now, $1,800 two years from now, and $2,100 three years from now. If she can make these investments as scheduled, how much will she have accumulated five years from now?

a. $6,878.97

b. $7,632.23

c. $8,142.52

d. $8,799.49

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Principles Of Finance

ISBN: 9798439388899

1st Edition

Authors: Julie Dahlquist, Rainford Knight

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