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Your grandmother invested a lump sum 20 years ago at 4.25% interest. Today, she gave you the proceeds of that investment which totaled $11,495. You
Your grandmother invested a lump sum 20 years ago at 4.25% interest. Today, she gave you the proceeds of that investment which totaled $11,495. You immediately invested the proceeds at 5.45% for 35 years and plan to give the proceeds to your grandchildren when the investment matures. How much did your grandmother originally invest? and how much will you give to your grandchildren in 35 years? O $5,000 and $73,644 $26,426 and $73,644 $5,000 and $1,794 6 $5,000 and 392,583 CamScanner
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