Per year simple interest, Your aunt lends you $5000 for 7

Per year simple interest

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Reference no: EM13948697

Your aunt lends you $5000 for 7 years at 9% per year simple interest; then the entire proceeds are invested for 13 years at 8% per year, compounded annually. How much money will your aunt have at the end of the entire 20-year period?

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Reference no: EM13948697

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