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Nancy Cardoza invested $2,600 in ExxonMobil stock because her research indicated the company should average a return for investors of 8 percent over the next
Nancy Cardoza invested $2,600 in ExxonMobil stock because her research indicated the company should average a return for investors of 8 percent over the next 4 years. If ExxonMobil investors do earn 8 percent each year, what will her $2,600 investment be worth at the end of 4 years? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
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