Caroline is scheduled to receive $10,000 in 3 years (year 3). When she receives it,...
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Accounting
Caroline is scheduled to receive $10,000 in 3 years (year 3). When she receives it, she will immediately invest it for 7 more years in a savings account that earns 7% (APR), compounded quarterly. How much money will she have at the end of year 10?
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