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You purchase an investment for ( $ 8 , 0 0 0 ) . You expect it will increase in value at

You purchase an investment for

\ (\

8, 000 \) .

You expect it will increase in value at a rate of

\ (9 \ % \)

per year. If your expectations are correct, how much will your investment be worth at the end of

5

years? Your Answer:

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