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1A). Paul Stanley is planning to invest $32 000 today in an investment fund that will provide a return of 11 per cent each year.

1A). Paul Stanley is planning to invest $32 000 today in an investment fund that will provide a return of 11 per cent each year. What will be the value of the investment in 10 years? (2 Marks for correct timeline, 2 Marks for correct formula, 4 marks for correct working and 2 Marks for correct answer to equal a total of 10 Marks)

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