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You just inherited $743,000. Since you don't need the money today, you decide to simply deposit it all in an account that pays 4.7% interest
You just inherited $743,000. Since you don't need the money today, you decide to simply deposit it all in an account that pays 4.7% interest per year with annual compounding. If you leave the money invested, how much will you have in the account 18 years from today? Round your answer to the nearest dollar
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