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Solve the Problem. -John Leeʹs Savings Account Has a Balance of $3662. After

Question 98

Multiple Choice

Solve the problem.
-John Leeʹs savings account has a balance of $3662. After 3 years, what will the amount of interest Be at 2% compounded semiannually?


A) $225.29
B) $224.14
C) $219.72
D) $110.96

Correct Answer:

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