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Question - If $42,200 is invested at the end of each year, for 25 years, at a rate of 5% a year, what will be the value of this investment at the end of 25 years?
A. $2,014,084
B. $1,234,412
C. $1,625,345
D. $1,912,823
Show the effect of each of these events on the elements of the financial statements, using a horizontal statements model like the following one.
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