Expects to earn the same annual return

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3 year(s) ago, Mack invested 5,060 dollars. In 2 year(s) from today, he expects to have 8,990 dollars. If Mack expects to earn the same annual return after 2 year from today as the annual rate implied from the past and expected values given in the problem, then how much does Mack expect to have in 7 years from today?

Reference no: EM131010479

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