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Estimating Future Value It's paydayl Suppose you just received your first paycheck of $21,000 and you plan to go to the bank to deposit it
Estimating Future Value It's paydayl Suppose you just received your first paycheck of $21,000 and you plan to go to the bank to deposit it today. Based on current market rates, you expect your investment to grow at an annual rate of 4.1 percent for 15 years, and then grow at an annual rate of 3.5 percent for another 18 years. If you make no other deposits, in 33 years, how much will you have in your account? Multiple Choice O $71269.96 $38,368.98 $64.28142
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