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Your investment is: $150 per year for years 1-5 Will earn 5% per year (effective) for the first 5 years $300 per year for years

Your investment is:

  • $150 per year for years 1-5
  • Will earn 5% per year (effective) for the first 5 years
  • $300 per year for years 6-8
  • Will earn 10% per year after year 5

In year 8, you give your old professor $___________ [units in $K]

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