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Lets assume there is a firm that wants to invest $45,000 in a project with an interest rate of 12% annually, and that the project

Lets assume there is a firm that wants to invest $45,000 in a project with an interest rate of 12% annually, and that the project will last for five years. What will be the interests coming from the project if the firm chooses not to reinvest any of its earnings? Assume the interest rate compounds annually.

$39,000

$27,000

$45,000

$56,247

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