On a whim you purchased a

scratchoff

lottery ticket at the gas station. It must have been your lucky day because you won

$1,000,000.

Being logical and rational you decide to invest the money at

3%

for

10

years until you are ready to start a family. At the end of

10

years, how much will your investment be worth?

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Question content area bottom

Part 1

A.

$744,000

B.

$1,384,000

C.

$1,344,000

D. 11,464,000