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Your parents just gave you a gift of $5,000. You are investing this money for 10 years at 3 percent simple interest. How much money

Your parents just gave you a gift of $5,000. You are investing this money for 10 years at 3 percent simple interest. How much money will you have at the end of the 10 years? $24,000 None of the answers is correct. $1,500 O $6,720 $6,500

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