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Posted on Mar 16, 2023

You just received a $5,000 gift from your grandmother which you have decided to save and then gift to your own grandchildren 50 years from

You just received a $5,000 gift from your grandmother which you have decided to save and then gift to your own grandchildren 50 years from now.

How much additional money will you gift if you earn 7.5 percent interest rather than 7 percent interest over the next 50 years?

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