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Kristen Deposits $5,000 in the Bank at the End of Each

Question 2

Multiple Choice

Kristen deposits $5,000 in the bank at the end of each year for five years. How much money will she have in the bank at the end of five years, assuming she will be earning 6% interest annually on her deposits? (Round to the nearest dollar) .


A) $3,736
B) $6,691
C) $28,186
D) $21,062

Correct Answer:

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