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Suppose you invest $3000 per year in a savings account that earns 8% annual interest. How much will be in the account in 18 years?
Suppose you invest $3000 per year in a savings account that earns 8% annual interest. How much will be in the account in 18 years?
| $112,350.73 |
| $28,115.66 |
| None of these |
| $11,988.06 |
| $750.75 |
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
