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If You Invest $5,000 Today at an Annual Interest Rate

Question 43

Multiple Choice

If you invest $5,000 today at an annual interest rate of 6.35%,how much money will you have for your daughter's college education in 18 years?

A) $5,603
B) $10,000
C) $15,144
D) There is not enough information to answer this question.

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