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Your three-year-old son John inherits $50,000 in cash and securities from his grandfather. If the funds are left in the bank and in the stock

Your three-year-old son John inherits $50,000 in cash and securities from his grandfather. If the funds are left in the bank and in the stock market and receive an annual return of 10%, how much will be available in 15 years when John starts college? Show all work.

$100,000

$55,000

$198,445

$208,863

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