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Makiko decided to invest in an investment plan in each year for 25 years. The investment will earn an interest rate of 6% annually. She
Makiko decided to invest in an investment plan in each year for 25 years. The investment will earn an interest rate of 6% annually. She will invest $2,000 in each year for the investment plan. All cash flow occurs at the end of a year. How much is the investment worth today? How much will the investment be worth 5 years later? Show your calculations.
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