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9. Dan has $150,000 in his section 401(k) plan portfolio at work. He expects the portfolio to increase in value at a rate of 7%

9. Dan has $150,000 in his section 401(k) plan portfolio at work. He expects the portfolio to increase in value at a rate of 7% compounded annually for the next 5 years. How much will Dans portfolio be worth at the end of 5 years if his expectation is correct?

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