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Home Q & A Board Science-Related Homework Help Mathematics
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vurt777 vurt777
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10 months ago
Donnie will invest $4,000 at the beginning of every year for the next 25 years. His money will earn 11% compounded annually. If he does not withdraw any of the money, how much should he have exactly seven years after he makes the last $4,000 investment?

▸ $1,434,739

▸ $950,161

▸ $893,562

▸ $507,995

▸ $1,054,679
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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bjee231bjee231
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10 months ago
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Anonymous
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#2
5 months ago
Help! The answer is missing an explanation...
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#3
5 months ago
Added some reasoning, does that help?
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