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You are scheduled to receive a payout of $ 8 6 , 0 0 0 from an investment, in two years. You are planning to
You are scheduled to receive a payout of $ from an investment, in two years. You are planning to reinvest that payout in another investment for another seven years with an expected investment yield of per year. How much do you expect to have at the end of the nine years of this planned investment? Please enter your response to the nearest penny.
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