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She plans to fund a scholarship with the proceeds at towson

Carolyn Botti wants to invest $3,500 today in a money market fund that pays quarterly interest at 5.5 percent. She plans to fund a scholarship with the proceeds at Towson University. How much will Carolyn have at the end of seven years? (Round to the nearest dollar.)

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Finance Basics: She plans to fund a scholarship with the proceeds at towson

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