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You are saving for a new boat. You place $26,000 in an investment account today that earns 7% compounded annually. How much will be

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You are saving for a new boat. You place $26,000 in an investment account today that earns 7% compounded annually. How much will be in the account after (a) three years, (b) four years, or (c) five years? Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, EVA of $1, and PVA of $1) Investment Amount Interest Rate Compounding a. $ 26,000 7% Annually Period Invested 3 years Future Value b. 26,000 7% Annually 4 years c 26,000 7% Annually 5 years

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