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The Brookfield Company invests $500,000 on January 1, 2020 in an account that will pay 5%interest compounded annually for six years.Compute the value of the

  1. The Brookfield Company invests $500,000 on January 1, 2020 in an account that will pay 5%interest compounded annually for six years.Compute the value of the investment at the end of 2025. Use the Time Value of Money table attachment.
  2. a.$670,048
  3. b.$669,110
  4. c.$753,782
  5. d.$500,000

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