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    Accounting Study Set 5
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    Exam 12: Non-Current Liabilities, Debentures Payable and Classification of Liabilities on the Balance Sheet
  5. Question
    If $10 000 Is Invested for One Year and Earns
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If $10 000 Is Invested for One Year and Earns

Question 11

Question 11

Multiple Choice

If $10 000 is invested for one year and earns an annual interest rate of 7%, it will grow in value to:


A) $70 000.
B) $10 700.
C) $17 000.
D) $700.

Correct Answer:

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