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    Business Mathematics Study Set 1
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    Exam 10: Annuities: Future Value and Present Value
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    Your Client Plans to Invest $2,000 at the End of Each
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Your Client Plans to Invest $2,000 at the End of Each

Question 29

Question 29

Short Answer

Your client plans to invest $2,000 at the end of each year. The rate of return on the investment is 7.5% compounded annually. What will be the value of the investment at the end of 12 years? (Taken from CIFP course materials.)

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