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1 . You are scheduled to receive $ 3 2 , 0 0 0 in two years. When you receive it , you will Invest

1. You are scheduled to receive $32,000 in two years. When you receive it, you will Invest It for 6 more years at 7.5 percent per year. How much will you have in 8 years?
A. $51,854.93
B. $57,071.29
C. $46,916.37
D. $49,385.65
E. $37,028.18
____________________________________________________________________________________
2. You expect to receive $19,000 at graduation in two years. You plan on investing It at 8 percent until you have $95,000. How long will you wait from now?
A.25.20 years
B.22.91 years
C.25.66 years
D.20.91 years
E.18.91 years

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