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You are interested in investing $10,000, a gift from your grandparents, for the next four years in a managed fund that will earn an annual

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You are interested in investing $10,000, a gift from your grandparents, for the next four years in a managed fund that will earn an annual return of 8 percent. What will your investment be worth at the end of four years? (Round to the nearest dollar.) a. $13,200 b. $13,605 c. $10,800 d. $12,400

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