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If You Receive $20,000 as a Gift and Invest It

Question 15

Multiple Choice

If you receive $20,000 as a gift and invest it at 12% compounded quarterly,how much will you have at the end of three years?

A) $32,020.60.
B) $28,515.20.
C) $22,497.20.
D) $14,027.60.

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