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You just inherited $100,000. You plan to invest the money into an account for the next 30 years. What is the future value of the
You just inherited $100,000. You plan to invest the money into an account for the next 30 years. What is the future value of the $100,000 present value amount at interest rates of 6%, 8%, and 10%? Do these future value amounts that you calculate incorporate the compounding of interest?
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