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Linda Roy received n $214,000 inheritance after taxes from her parents. She invested it at 6.5% interest compounded quarterly for 5 years. A year later,

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Linda Roy received n $214,000 inheritance after taxes from her parents. She invested it at 6.5% interest compounded quarterly for 5 years. A year later, she sold one of her rental properties for $224,000 and invested that money at 5.5% compounded semiannually for 4 years. Both of the investments have matured. She is hoping to have at least $514,000 in 9 years compounded annually at 4.5% interest so she can move to Hawaii. Future Value of Inheritance Investment: $ Future Value Rental Property Investment $ Present Value of Final Investment: $ Future Value Of Final Investment $ Will she meet her goal? Yes No

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