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Your Grandmother Invested One Lump Sum 42 Years Ago at 3.5

Question 101

Multiple Choice

Your grandmother invested one lump sum 42 years ago at 3.5% interest. Today, she gave you the proceeds of that investment which totaled $28,204.37. How much did your grandmother originally invest?


A) $4,500
B) $6,650
C) $7,200
D) $7,500
E) $9,000

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