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What is the future value of 5 annual investments starting at $20,000 plus growth of 3% each year after the 1st year, when the interest

What is the future value of 5 annual investments starting at $20,000 plus growth of 3% each year after the 1st year, when the interest rate is 3%?

a) $115,927 b) $115,769 c) $112,201 d) $112,551

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