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Business, 12.10.2021 14:00 LlayahHarbin

Penny invests $10,000 today into a retirement account. She expects to earn 7.8 percent, compounded annually, on her money for the next 10 years. After that, she wants to be more conservative, so she expects to earn only 4.2 percent, compounded annually. How much money will she have in her account when she retires 25 years from now, assuming this is the only deposit she makes

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