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Julie Expects to Receive Payments of $1,200 at the End

Question 22

Multiple Choice

Julie expects to receive payments of $1,200 at the end of the year for the next 3 years. Assuming Julie invests the payments into an account earning 8%, how much will she have at the end of the 3 years?


A) $3,985.68
B) $3,600.00
C) $10,670.81
D) $3,092.52

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