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Timmy was inherited a $25,000 lump sum from his relatives. He is now deciding the best way to utilize the money. He's are a

Timmy was inherited a $25,000 lump sum from his relatives. He is now deciding the best way to utilize the

Timmy was inherited a $25,000 lump sum from his relatives. He is now deciding the best way to utilize the money. He's are a new investor and decides to do some research before settling on his decision. He decided to purchase the XYZ stock, which has an annual return of 14%. If he places the entire $25,000 in $XYZ today and contribute no more money to the account, how much would he expect your account is worth in: a. 1 year 3 years b. c. 5 years

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