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At the 5th birthday of each of their children, Tom and Sarah made a one-time $5,000 investment with a APR of 9.4% compounded annually. When each of their children retired 60 years later, what was this worth.

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APR Problem

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At the 5th birthday of each of their children, Tom and Sarah made a one-time $5,000 investment with a APR of 9.4% compounded ...

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