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You are scheduled to receive $15,500 in three years. When you receive it, you will...

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Finance

You are scheduled to receive $15,500 in three years. When you receive it, you will invest it for seven more years at 9.00 percent per year. Required: How much will you have in ten years? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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