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In an effort to have enough money to finance his passion for top - level off - road racing, a mechanical engineering graduate decided to

In an effort to have enough money to finance his
passion for top-level off-road racing, a mechanical
engineering graduate decided to sell some of his
"toys." At time t=0, he sold his chopper motor-
cycle for $18,000. Six months later, he sold his
Baja pre-runner SUV for $26,000. At the end of
year 1, he got $42,000 for his pro-light race truck.
If he invested all of the money in a high-risk com-
modity hedge fund that earned 24% per year com-
pounded semiannually, how much did he have in
the account at the end of 2 years?
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