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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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