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a . A business owner decides to set aside $ 6 , 0 0 0 annually in a growth fund earning 8 % interest per

a. A business owner decides to set aside $6,000 annually in a growth fund earning 8%
interest per year to fund future expansion. How much will the business have accumulated in
the fund after 18 years? (2M)
A) $172,000
B) $196,450
C) $204,750
D) $224,710
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