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If you received a gift of $2,500 at the beginning of your freshman year in college and you invested it for the next four years
If you received a gift of $2,500 at the beginning of your freshman year in college and you invested it for the next four years at a simple interest rate of 8%. The total value of your investment at the end of the four years would be
$2,658
$3,167
$3,300
$2,876
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