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Gensing wants to expand its business at the end of 10 years. To do so, Genting invest $20,000 today adinin plans to save $10,000 end

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Gensing wants to expand its business at the end of 10 years. To do so, Genting invest $20,000 today adinin plans to save $10,000 end of each year for the first 4 years (years 1 to 4) and 550,000 ally for the following years (years 5 to 8). Due to other expenses, Gensing will not be able to save in its last two years. If the account 5% compounded annually, how much will Gensing have 10 years from now? $267.701.13 $307,701.13 $454,614.71 $395.516.50 $501.212.72 $436.056.94 Pace 5 of 9

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