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Question 20 Your brother is planning to invest $4,000 every year in an investment paying 11 percent annually for the next three years, to pay

Question 20

Your brother is planning to invest $4,000 every year in an investment paying 11 percent annually for the next three years, to pay for a vacation. What will be the amount he will have at the end of the three years?

	a.	$12,929.89
	b.	$13,368.4
	c.	$14,640
	d.	$12,500

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