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If the Value of the Principal Today Is $17,567 and the Interest

Question 29

Multiple Choice

If the value of the principal today is $17,567 and the interest rate is 0.93%,what is the total simple interest income at the end of fifteen years?


A) $17,567
B) $2,540.60
C) $82,765.65
D) $300.56
E) None of the above.

Correct Answer:

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