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How much money will have in forty-five years time

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Reference no: EM133005923

Problem 1: Your Dad just gave you $20,000 to invest for your retirement. You want to manage your money well and invest it safely. You believe that you can earn 7% per annum in a safe investment. How much money will you have in 45 years time?

Select one:

a. $98,049

b. $420,049

c. $61,600

d. $420,000

e. $63,000

Reference no: EM133005923

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