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Zhou has invested $8,750 in an investment vehicle that pays 9% per year for the first 6 years and 4% per year for the next

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Zhou has invested $8,750 in an investment vehicle that pays 9% per year for the first 6 years and 4% per year for the next 9 years. The interest is compounded annually. What would be the value of the investment at the end of the 15 years? Select one: a. $14,674.63 b. $32,425.86 c. $26,086.96 d. $20,886.57

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