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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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