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George is offering you the opportunity to invest a sum of money into his project. Similar investments are yielding 6% annually. George claims that he

George is offering you the opportunity to invest a sum of money into his project. Similar investments are yielding 6% annually. George claims that he can return you $1,000 in 3 years if you invest with him. What is the maximum amount of money you should invest with George if you plan on investing for 3 years. Explain your answer.

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