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Assuming an interest rate of 10%, if you invest a lump sum of $5,000 now, the balance of your investment in 7 years will be

Assuming an interest rate of 10%, if you invest a lump sum of $5,000 now, the balance of your investment in 7 years will be closest to (The future value for this scenario is 1.949.) A. $12,970. B. $23,340. C. $35,000. D. $9,745.

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