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Your grandma hit it big in the lottery when you were a kid. She set up a fund for you so that you could take
Your grandma hit it big in the lottery when you were a kid. She set up a fund for you so that you could take an awesome trip when you finished college. If her investment earned 8% interest annually and she deposited $3,500 initially, how much was in the fund when you finished your undergrduate degree 10 years later? a) $7,668.93 b) $53,359.26 Oc) $7,502.56 d) $40,025.61 e) $7,556,24
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