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Two years ago, Lou Marshall, Inc. deposited $ 1 1 , 4 1 8 in an investment account for the purpose of buying new equipment

Two years ago, Lou Marshall, Inc. deposited $11,418 in an investment account for the purpose of buying new equipment three years from today. Last year, it added another $13,467 to this account. The company plans on making a final deposit of $10,550 to the account today. How much will be available when it is ready to buy the equipment, assuming the company earns 10.56% APR on its invested funds? Choose the closest amount.
Group of answer choices
$53,240.71
$48,155.49
$47,887.75
$58,862.93
$39,395.78

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