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How much will harry have at the end of the fifth year

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Reference no: EM132942748

Problem 1: Harry has received a $1500 bonus. His bonus is expected to grow by 5% for the next 5 years. How much will harry have at the end of the fifth year if he invests his bonuses (including the most recent bonus) in a project paying 8% per year?

Reference no: EM132942748

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