Donna can invest today in a fund that will guarantee her a 5% return compounded annually for
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Donna can invest today in a fund that will guarantee her a 5% return compounded annually for five years. She can invest $1,200 today, $1,400 one year from now, $1,800 two years from now, and $2,100 three years from now. If she can make these investments as scheduled, how much will she have accumulated five years from now?
a. $6,878.97
b. $7,632.23
c. $8,142.52
d. $8,799.49
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