Multiple Choice
At the end of two years, what will be the balance in a savings account paying 6% annually if $5,000 is deposited today? The future value of one at 6% for one period is 1.06.
A) $5,000
B) $5,300
C) $5,600
D) $5,618
Correct Answer:
Verified
Correct Answer:
Verified
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