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You invested $1,000 in the stock market. Assume that the risk-free rate is 2% per year and the rate of return you can earn in
You invested $1,000 in the stock market. Assume that the risk-free rate is 2% per year and the rate of return you can earn in the stock market is 7% per year. How much can you expect to have in 3 years if you plan to make no additional investments? a) $1,225.04 b) $1,061.21 c) $1,157.63 d) $1,000.00 e) None of the above 2
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