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Sheila is planning to retire in 9 years. For 9 years, at the end of each year Sheila plans to invest $ 6 , 0

Sheila is planning to retire in

9

years. For

9

years, at the end of each year Sheila plans to invest $

6, 000

in an ordinary annuity at

7 %

interest compounded annually. At the end of year

9,

what will be the final value of Sheila's investment?

q,

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