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27. Grandmother Smith has just put $12,000 into an investment earning 6 percent a year for her granddaughter's college education. Approximately how much will be

27. Grandmother Smith has just put $12,000 into an investment earning 6 percent a year for her granddaughter's college education. Approximately how much will be in the account in ten years assuming all the interest is left in the account?

a.

$19,200

b.

$21,490

c.

$16,320

d.

$21,259

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