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If you inherited $ 45,000 today and invested all of it in a security that paid a 7 percent rate of return, how much would you have in 25 years?

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Compounded Annually?
P = Po(1+r)^25 = 45,000(1+0.07)^25 =
$244,234.47

Simple Interest:
P = Po + Po*r*t = 45,000 + 45000*0.07*25
= $123,750.

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