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Amy is the CFO of Yang Enterprises Inc. and would like to purchase a new car when she retires. Amy estimates that the interest rate

Amy is the CFO of Yang Enterprises Inc. and would like to purchase a new car when she retires. Amy estimates that the interest rate will be 12 percent and Amy will invest $1,000 at the beginning of each year for the next 18 years. How much will Amy have accumulated after 18 years?

Select one:

A. $34,931

B. $47,349

C. $55,750

D. $62,440

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