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Your sister just deposited $5,500 into an investment account. She believes that she will earn an annual return of 8.8 percent for the next 6
Your sister just deposited $5,500 into an investment account. She believes that she will earn an annual return of 8.8 percent for the next 6 years. You believe that you will only be able to earn an annual return of 8 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 6 years?
$265.62
$176.84
$232.42
$249.02
$708.94
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