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A small business plans to invest 10% of its profits each year, for the next 20 years. The profit of the business as of right
A small business plans to invest 10% of its profits each year, for the next 20 years. The profit of the business as of right now is 100,000$ and it is expected to increase by 2.5%each year. What will be the value of the investment after 20 years, if the effective interest rate is 6%
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