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Kaeli Company Will Invest $10,000 a Year for 5 Years

Question 22

Multiple Choice

Kaeli Company will invest $10,000 a year for 5 years, with all investments at the beginning of each year. If the fund earns 10% compound interest, what amount will be in the fund at the end of 5 years?


A) $60,000
B) $61,051
C) $65,000
D) $67,156

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