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You Are Scheduled to Receive $30,000 in Two Years

Question 46

Multiple Choice

You are scheduled to receive $30,000 in two years.When you receive it,you will invest it for 5 more years,at 6 percent per year.How much money will you have 7 years from now?


A) $38,909.19
B) $39,381.16
C) $40,146.77
D) $47,209.19
E) $51,414.73

Correct Answer:

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