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You invest a single amount of $13,500 for 7 years at 11 percent. At the end of 7 years you take the proceeds and invest
You invest a single amount of $13,500 for 7 years at 11 percent. At the end of 7 years you take the proceeds and invest them for 16 years at 19 percent. How much will you have after 23 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods
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