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Please solve the following question in detailed steps with an explanation. Do not use the Goal Seek function. I will make sure to give a
Please solve the following question in detailed steps with an explanation. Do not use the Goal Seek function. I will make sure to give a thumbs up. Thank you. You have just inherited $60,000 and are thinking about upgrading to a nice new German car. If you instead invested the money to earn 6.5 percent each year, how much would it be worth when you retire in 38 years? Show all supporting calculations.
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