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You have $25,000 that you want to invest today. You are offered an investment plan that will pay you 5.3 per cent annual return for

  1. You have $25,000 that you want to invest today. You are offered an investment plan that will pay you 5.3 per cent annual return for the first 15 years and 6.9 percent annual return for the following 25 years. How much will you have at the end of 40th year?

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