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14-Aunt Petra has deposited $33,000 today into an account that will earn 10 percent per year. She plans to leave the funds in this account
14-Aunt Petra has deposited $33,000 today into an account that will earn 10 percent per year. She plans to leave the funds in this account for seven years earning interest. If the purpose of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Aunt Petra? Is this investment right for you, yes or no? explain. (Show all computations that validate the answer)
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