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Betsy has just received a $5,000 bonus. She sees an opportunity to out this into her portfolio for the next thirty three years and believes
Betsy has just received a $5,000 bonus. She sees an opportunity to out this into her portfolio for the next thirty three years and believes that she can earn a 9% annual return on these funds. How much will she have at the end of the holding period? (Please show all of your work!)
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