Question
Stephanie Watson plans to make the following investment beginning next year. She will invest $2,090 in each of the next three years, and will then
Stephanie Watson plans to make the following investment beginning next year. She will invest $2,090 in each of the next three years, and will then make investments of $3,650, $3,725, $3,875, and $4,000 over the following four years. If the investments are expected to earn 13.25 percent annually, how much will Stephanie have at the end of the seven years?
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