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How much did your grandmother originally invest

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Question - Your grandmother invested a lump sum amount 18 years ago and earned 4.25%, compounded annually per year. Today, she gave you the proceeds of that investment which totaled $5,539.92. How much did your grandmother originally invest?

A. $2,700.00

B. $2,730.30

C. $2,618.99

D. $2,768.40

E. $2,774.90

Reference no: EM133020260

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