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In 2 years from today, Judy plans to invest $12,000 in an investment that has a return of 7.5 percent per year. How much will
In 2 years from today, Judy plans to invest $12,000 in an investment that has a return of 7.5 percent per year. How much will Judy's investment be worth in 9 years from today? (Hint: Draw a timeline to determine the number of compounding periods from the investment.)
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