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You will receive $12,500 in two years when you graduate. You plan to invest this at an annual interest rate of 4.5 percent, compounded annually.

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You will receive $12,500 in two years when you graduate. You plan to invest this at an annual interest rate of 4.5 percent, compounded annually. How much money will you have 8 years from now? $17,776.26 $16,278.25 $16,834.16 $23,209.19 None of these answers are correct

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