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Assume that you invested $100,000 on December 1, 2017. It is a 2year investment. Your return was 20%, compounded annually for the first year. Your

Assume that you invested $100,000 on December 1, 2017. It is a 2year investment.

*Your return was 20%, compounded annually for the first year. *Your return was 20%, compounded annually for the second year. How much do you have on December 1, 2019?

PLEASE SHOW WORK DETAILED AND DONT USE SHORT HAND

Thank you

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