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An investor purchases $40,000 worth of stock and expects it to grow by 8% per year for the next 4 years. What will this investment

An investor purchases $40,000 worth of stock and expects it to grow by 8% per year for the next 4 years. What will this investment be worth at the end of the period?

A. $40,000

B. $43,200

C. $50,338.48

D. $54,419.56

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