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Xiang Invests $25,000 Per Year,starting Today,for 20 Years at an Interest

Question 67

Multiple Choice

Xiang invests $25,000 per year,starting today,for 20 years at an interest rate of 7%.What is the value of the investment at the end of the 20 years?


A) $1,096,629.42
B) $1,024,887.31
C) $283,389.88
D) $264,850.36

Correct Answer:

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