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If You Deposit $2,500 at the End of Each Six

Question 11

Multiple Choice

If you deposit $2,500 at the end of each six months into an account which earns 5.5% interest compounded quarterly, how much will be in the account in five years?


A) $13,953
B) $16,931
C) $26,605
D) $28,357
E) $32,188

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