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What will be twelve years from now

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Problem 1: If a Nurse deposits $24,000 today in a mutual fund that is expected to grow at an annual rate of 8 percent, what will be the value of this investment:

A. What will it be 3 years from now?
B. What will it be 6 years from now?
C. What will it be 9 years from now?
D. What will it be 12 years from now?

Reference no: EM132837257

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