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How much money will you have in five years

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Question - You told your grandmother about your plans to visit Australia. She's been there and has some incredible memories of her time on the Eastern Coast. To help your cause, she is willing to give you $5,000; however, she cannot give you the money for two years. Based on the $10,000 you currently have in the bank, and your grandmother's $5,000 contribution, how much money will you have in five years if you can earn 10% on your money?

Reference no: EM133074516

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