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If a Nurse deposits $24,000 today in a mutual fund that is expected to grow at an annual rate of 8 percent, what will be

If a Nurse deposits $24,000 today in a mutual fund that is expected to grow at an annual rate of 8 percent, what will be the value of this investment:

A. What will it be 3 years from now?

B.What will it be 6 years from now?

C.What will it be 9 years from now?

D.What will it be 12 years from now?

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To calculate the future value of an investment compounded annually we can use the formula FV PV 1 rn ... blur-text-image

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