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 interest earned at the end of year 3.
A) $77,096
B) $78,806
C) $79,096
D) $80,806
E) $81,096
Correct Answer:
Verified
Correct Answer:
Verified
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