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Solve the Problem. -Find the Amount of Interest Earned on the Following Deposit

Question 396

Multiple Choice

Solve the problem.
-Find the amount of interest earned on the following deposit: $1,000 at 12% compounded annually for 7 years


A) $1475.96
B) $973.82
C) $1210.68
D) $2210.68

Correct Answer:

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