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the donar value o s o ng discount rate 8. Your grandmother recently surprised you and gave you $5,000 expressly for the purpose of starting

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the donar value o s o ng discount rate 8. Your grandmother recently surprised you and gave you $5,000 expressly for the purpose of starting your retirement savings. Her only stipulation is that you must invest the money now, and not touch any of it for the next 40 years (at which point you plan to retire). What will the value of this account be at the end of the 40 years under each of the following return assumptions (assume annual compounding)? a) 6% per year b) 10% per year c) 14% per year

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