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Loti knows that she will need a new roof on her house in about 9 years' time. In order to plan for this significant cost,

  1. Loti knows that she will need a new roof on her house in about 9 years' time. In order to plan for this significant cost, she invests $3,000 in 3 years' time, and an additional $6,000 in 6 years' time, how much will she have 9 years from today at an interest rate of 8%, compounded monthly?

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