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    Exam 13: Personal Financial Management
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    Find the Compound Interest Earned by the Deposit
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Find the Compound Interest Earned by the Deposit

Question 183

Question 183

Multiple Choice

Find the compound interest earned by the deposit. Round to the nearest cent.
-$2000 at 1% compounded semiannually for 8 years


A) $165.71
B) $160.00
C) $166.14
D) $81.41

Correct Answer:

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