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How much money would the account now contain

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Problem 1: Now assume that your ancestor decided to invest the $1,000 in the bond market instead of the stock market. The bond market has had a real return of 3.5% per year over this same 200-year period. How much money would the account now contain?

Select one:

a. $1,515,515
b. $972,904
c. $977,944
d. $1,155,505
e. $1,015,005

Reference no: EM133005983

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