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Assume that today is your birthday and you are turning 21 years old. Your very generous grandparents tell you that they plan to give you

Assume that today is your birthday and you are turning 21 years old. Your very generous grandparents tell you that they plan to give you $90,000 today and then $10,000 per year for 10 years starting on your 31st birthday and ending on your 40th birthday. If you invest all of these gifts at rate of return = 7.22%, what amount will you have when you turn 64

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