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You are scheduled to receive $37,000 in two years. When you receive it, you will invest it for 6 more years at 5 percent per

You are scheduled to receive $37,000 in two years. When you receive it, you will invest it for 6 more years at 5 percent per year. How much will you have in 8 years?

A. $49,583.54

B. $40,780.88

C. $52,062.72

D. $47,104.36

E. $54,665.85

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