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You own a series of Apartment buildings with self-serve laundry facilities. The net income from the laundry operation has been $12,000 per year. The proceeds

You own a series of Apartment buildings with self-serve laundry facilities. The net income from the laundry operation has been $12,000 per year. The proceeds have been invested in an account every year paying 6.5% interest. How much is the account worth after 9 years?

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