You just got lucky and won $80,000 on a TV game show. You wonder if this will
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Question:
You just got lucky and won $80,000 on a TV game show. You wonder if this will be adequate to fund your retirement in 40 years. You can conservatively invest the money and earn 4.0% (compounded annually) during this period. How much will your game show winnings be worth upon your retirement date? a. $345,346 b. $268,943 c. $223,990 d. $384,082 e. $521,016
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