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Determine the value of the investment at the end

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Problem 1: The Brookfield Company invests $500,000 on January 1, 2020 in an account that will pay 5% interest compounded annually for six years. Compute the value of the investment at the end of 2025.

a.$669,110
b.$500,000
c.$670,048
d.$753,782

Reference no: EM132729543

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