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Your grandparents will give you $20,000 as a graduation present in 3 years. You believe you can then invest it at 8% for 5 years.

Your grandparents will give you $20,000 as a graduation present in 3 years. You believe you can then invest it at 8% for 5 years. How much will you have at the end of the 7 years?

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Future Value

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