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2 . Mary is prepared to create a college fund for her daughter. She has $ 5 0 , 0 0 0 to invest and

2. Mary is prepared to create a college fund for her daughter. She has $50,000 to invest and she plans to leave the money invested for eight years. She hopes to generate a rate of return on the investment of 8.25%. If the investment generates the anticipated return, how much money will Mary have at the end of eight years _____________?

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