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Your best friend just received a gift of $7,000 from his favorite aunt

Price: $2.99


Your best friend just received a gift of $7,000 from his favorite aunt. He wants to
save the money to use as “starter” money after college. He can invest it (1) risk-free
at 6%, (2) taking on moderate risk at 8%, or (3) taking on high risk at 14%.

Requirement

1. Help your friend project the investment’s worth at the end of four years under
each investment strategy and explain the results to him.

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