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Your great, great grandparents moved from Germany to the US in 1938 and sold their hat making factory in Germany for $110,000. If this money

Your great, great grandparents moved from Germany to the US in 1938 and sold their hat making factory in Germany for $110,000. If this money were invested at 8% APR, compounded annually, the amount of this legacy 82 years later (2020), is closest to what value?

a. $1,000,000

b. $20,000,000

c. $60,000,000

d. $40,000,000

e. $80,000,000

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