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say you receive a gift of $ 9 6 9 6 right now from a generous family memeber. You could spend a bunch of that.

say you receive a gift of $9696 right now from a generous family memeber. You could spend a bunch of that. (it would help you have a more elaborate spring break.) But you decide to invest it instead. You place it in an account expecting to recieve a return 6% a year. What should the balance be at the end of 20 years?

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