Question: Please answer the following question. show working and please explain. 3. You have an opportunity to invest your $25,000.00, in a local company that has

Please answer the following question. show working and please explain.

3. You have an opportunity to invest your $25,000.00, in a local company that has offered to pay you 8% in the first year, and 9% in the second year. What is the total principal and interest at the end of the second year? Note that interest payments are done at the end of each period (year)

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