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How much will jackson company investment be

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Question - Jackson Company has $100 of excess cash and decides to invest it for the next five years (so January 1, 2021). If it can earn 3% per annum for the first two years and the 5% per annum in each of the last three years, how much will Jackson Company's investment be at the end of Year five (December 31, 2025)?

Reference no: EM133109644

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