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You invest a single amount of $13,000 for 6 years at 13 percent. At the end of 6 years you take the proceeds and invest
You invest a single amount of $13,000 for 6 years at 13 percent. At the end of 6 years you take the proceeds and invest them for 15 years at 18 percent.
How much will you have after 21 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
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