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If the Value of the Principal Today Is $230 and the Interest

Question 15

Multiple Choice

If the value of the principal today is $230 and the interest rate is 1.33%,what is the total compound interest income at the end of 2 years?


A) $45.67
B) $22.54
C) $6.16
D) $5.78
E) None of the above.

Correct Answer:

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