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QUESTION 22 Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this

QUESTION 22

"Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, Aunt Tillie will have enough in 7 years to cover the obligation."

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