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Leo Received $7,500 Today and Will Receive Another $5,000 Two

Question 12

Multiple Choice

Leo received $7,500 today and will receive another $5,000 two years from today.If he invests these funds immediately at 11.5 percent,what will his investments be worth five years from now?


A) $18,758.04
B) $18,806.39
C) $19,856.13
D) $20,314.00
E) $19,904.36

Correct Answer:

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