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Detailed answer please You are scheduled to receive $15,501] in three years. When you receive it, you will invest it for nine more years at

Detailed answer please

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You are scheduled to receive $15,501] in three years. When you receive it, you will invest it for nine more years at 9.5 percent per year. How much will you have in twelve years? {Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.] _

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