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Andre has $150,000 now, and he wishes to save it aside for his daughter's higher education in five years. He decided to invest in a

Andre has $150,000 now, and he wishes to save it aside for his daughter's higher education in five years. He decided to invest in a financial instrument that pays him a return of 12.3% annually. Required: a) How much money will he save after 5 years?

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