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Let's assume you make a one-time investment of $38,000 at an interest rate of 6%, and that the interest rate will compound monthly. What will
Let's assume you make a one-time investment of $38,000 at an interest rate of 6%, and that the interest rate will compound monthly. What will be the future value of the investment 20 years from now? \begin{tabular}{c} $112,382,93 \\ \hline$125,787.77 \\ \hline$131,315.235 \\ \hline$192,235.34 \end{tabular} Question 20 2.5 pts Let's assume you invest $19,294.78 each year at an interest rate of 7.7%, beginning next year. Further assume that the interest rate will compound annually. What is the future value of this periodic investment 25 years from now? $1,421,235.53$1,336,782.35$1,350,235.44$1,292,475.85
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