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You are scheduled to receive $25,000 in 2 years from an insurance settlement. When you receive it, you will invest it for 6 more years
You are scheduled to receive $25,000 in 2 years from an insurance settlement. When you receive it, you will invest it for 6 more years in a mutual fund that is forecast to return 5.8% per year over that time period. How much will you have in 8 years?
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