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78. Robert plans to invest $650 in a savings account at the beginning of each of the next seven years. If his opportunity cost rate
78. Robert plans to invest $650 in a savings account at the beginning of each of the next seven years. If his opportunity cost rate is 5 percent compounded annually, how much will his investment be worth at the end of seven years?
| a. | $5,048 |
| b. | $5,292 |
| c. | $5,557 |
| d. | $6,058 |
| e. | $6,656 |
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