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Ten years ago, Hailey invested $3,600 and locked in an 9 percent annual interest rate for 20 years (ending 10 years from now). Aidan can
Ten years ago, Hailey invested $3,600 and locked in an 9 percent annual interest rate for 20 years (ending 10 years from now). Aidan can make a 10-year investment today and lock in a 11 percent interest rate. |
How much money should he invest now in order to have the same amount of money in 10 years as Hailey? |
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