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    Exam 14: Understanding Investments and Acquisitions in Accounting
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    If $30,000 Is Put in a Savings Account Paying Interest
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If $30,000 Is Put in a Savings Account Paying Interest

Question 281

Question 281

Multiple Choice

If $30,000 is put in a savings account paying interest of 4% compounded annually, what amount will be in the account at the end of 5 years?


A) $25,644
B) $36,000
C) $35,096
D) $36,500

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