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How much would it be worth at the end of years

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Question - You purchase $1500 worth of stock and hold it for 20 years. If this investment appreciates at an annual rate of 4%, how much would it be worth at the end of 20 years?

a. $3642

b. $3784

c. $3533

d. $3287

e. $3980

Reference no: EM133166886

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