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Today, your grandmother gave you a gift of $22,000 to help pay for your college education. She told you that this amount was the result

Today, your grandmother gave you a gift of $22,000 to help pay for your college education. She told you that this amount was the result of a one-time investment at 8% interest 11 years ago. How much did your grandmother originally invest?

Select one: a. $9,419.25 b. $9,435.42 c. $9,225.00 d. $9,192.45 e. $9,504.55

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