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At the End of Two Years, What Will Be the Balance

Question 112

Multiple Choice

At the end of two years, what will be the balance in a savings account paying 6% annually if €10,000 is deposited today? The future value of one at 6% for one period is 1.06.


A) €10,000
B) €10,600
C) €11,200
D) €11,236

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