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To save for a new car, Samuel Smith will invest $16,000 at the end of each year for the next 5 years. The interest rate

To save for a new car, Samuel Smith will invest \$16,000 at the end of each year for the next 5 years. The interest rate is 8 %. What is the future value?

a. $93,872 O b. $72,096 O c. $15,980 d. $80,000

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