What is the future value of $6,250 invested for 23 years at 9.25 percent compounded annually? A:
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Question:
What is the future value of $6,250 invested for 23 years at 9.25 percent compounded annually?
A: $27,890.87
B: $38,991.07
C: $41,009.13
D: $47,433.47
E: $47,816.00
Expert Answer:
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