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If a nurse deposits 12000 today in a real estate investment

If a nurse deposits $12,000 today in a real estate investment trust (REIT) and the interest is compounded annually at 7% percent, what will be the value of this investment:

a.) Five years from now?

b.) Ten years from now?

c.) Fifteen years from now?

d.) Twenty years from now?

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Accounting Basics: If a nurse deposits 12000 today in a real estate investment

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: If a nurse deposits 12000 today in a real estate investment

Reference No:- TGS01726312

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