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The prize is 20 consecutive annual payments of $30,000 beginning immediately. Jack and Diane decide to wait to spend the money and so they invest

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The prize is 20 consecutive annual payments of $30,000 beginning immediately. Jack and Diane decide to wait to spend the money and so they invest all amounts in a bank to earn an interest rate of 3%. Which answer comes closest to how much they will have accumulated at the end of year 20? 806,111 600.000 851,293 830,295

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