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Precision Engineering Invested $95,000 at 5

Question 40

Multiple Choice

Precision Engineering invested $95,000 at 5.5 percent interest, compounded annually for 2 years.How much interest did the company earn over this period of time?


A) $95,000
B) $10,737.38
C) $10,450.00
D) $2,612.50
E) $10,931.36

Correct Answer:

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