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A nurse-run clinic decides to invest in a pension plan for the staff. They find a broker who will take $200,000 and invest it for

A nurse-run clinic decides to invest in a pension plan for the staff. They find a broker who will take $200,000 and invest it for them at 9% for 5 years. How much will they have in their account at the end of that time?

a.

$300,010

b.

$307,725

c.

$293,815

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