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You have saved $45,000 and decide to invest it in government bonds. If you hold your investment until maturity your annual rate of return will

You have saved $45,000 and decide to invest it in government bonds. If you hold your investment until maturity your annual rate of return will be 5.60 percent (p.a.). If the investment matures in 25 years' time, how much will your savings have grown to?

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