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c . A person who invests $ 1 , 6 0 0 each year finds one choice that is expected to pay 3 percent per
c A person who invests $ each year finds one choice that is expected to pay percent per year and another choice that may pay percent. What is the difference in return if the investment is made for four years? Round your answer to the nearest dollar. Hint: Use Appendox A or the GarmanForgue companion website. Round Future Value of Series of Equal Amounts in intermediate calculations to four decimal places.
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