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Your parents spent $7,000 to buy 200 shares of stock in a new company 12 years ago. The stock has appreciated 15 percent per year

Your parents spent $7,000 to buy 200 shares of stock in a new company 12 years ago. The stock has appreciated 15 percent per year on average. What is the current value of those 200 shares? $40,023.03 $37,451.75 $36,408.70 $39,580.92

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