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You Deposit $500,000 in a Higher Risk Investment

Question 62

Multiple Choice

You deposit $500,000 in a higher risk investment. Three years later, you receive $711,900 and withdraw your funds. Given this information calculate the balance at the end of year two.


A) $665,202
B) $632,804
C) $636,549
D) $687,702
E) $693,303

Correct Answer:

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