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7. Compounding Investment Returns. Nancy Cardoza invested $2,550 in ExxonMobil stock because her research indicated...

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7. Compounding Investment Returns. Nancy Cardoza invested $2,550 in ExxonMobil stock because her research indicated the company should average an 8.5 percent return over the next 4 years. If ExxonMobil does carn 8.5 percent cach year, what will her $2,550 investment be worth at the end of 4 years? (To solve this problem, you may want to use Exhibit 1-A in the appendix that follows chapter 1.)

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