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In Order to Help Pay for College, the Grandparents of a Child

Question 62

Multiple Choice

In order to help pay for college, the grandparents of a child invest $2650 in a bond that pays 12% interest compounded semiannually. How much money will there be in 2.5 years?


A) $3596.80
B) $3646.42
C) $3546.30
D) $3526.05

Correct Answer:

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