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Question 3 (2 points) For your birthday in February 2021 you received $3,000. Usually you...

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Question 3 (2 points) For your birthday in February 2021 you received $3,000. Usually you take vacations but you cannot travel because of the pandemic so you decide to invest all of this money. In 16 years you will be 50 years of age. Hoping that the world will be back to normal by that time, you put the money in locked-in investments for 16 years. The Bank informed you that given the length of time of the investment, you will earn a return rate of 9%. How much money will you receive when you cash in the investment to celebrate your soth birthday? Show all calculations I MGMTR60=1 6: Previous Page Next Page Page 3 of 6 14

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