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How much will be worth in seven years

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Problem 1: William North has just inherited $257,000 which he would like to use as part of his retirement nest egg. William would like to know just how much $257,000 will be worth in 7 years, when he will reach age sixty, in case he decides to retire early, assuming the funds can be invested for the entire period at a 4.82 percent annual rate.

Reference no: EM132990412

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