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$10,000 Is Deposited in a Money Market Account When Interest

Question 81

Multiple Choice

$10,000 is deposited in a money market account when interest is compounded every month at an annual rate of 6%. Find the total amount accumulated at the end of 5 years. Round your answer to the nearest cent. ​


A) $13,289.59
B) $33,000.00
C) $13,488.50
D) $11,489.08
E) None of these

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