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21. Robert has inherited some money from his great-grandfather. He will get $5,260.00 when he graduates college (at age 22) and an additional $10,127.00 at
21.
Robert has inherited some money from his great-grandfather. He will get $5,260.00 when he graduates college (at age 22) and an additional $10,127.00 at the age of 25. He is currently 20 years old. Robert will invest each cash flow in an account that pays 6.00% APR. What will be the future value of this account if he keeps it invested until he turns 30? Submit Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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