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Jean invests $100 in Year 1 and doubles the amount each year after that (so the investment is $100, $200, $400, $800, etc.). If she
Jean invests $100 in Year 1 and doubles the amount each year after that (so the investment is $100, $200, $400, $800, etc.). If she does this for 10 years, and the investment pays 10% annual interest, what is the future worth of her investment? Choose amongst these answers:
$99,200, |
$113,500, |
$145,200, or |
$196,300? |
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