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You are scheduled to receive $11,413 in two years

Finance

You are scheduled to receive $11,413 in two years. When you receive it, you will invest it for 7 more years at 6.4 percent per year. How much will you have at the end of that investment period? (Round time value factors to 6 decimal places and answer to the nearest dollar amount)

Option 1

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2.96 USD

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