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  2. Topic
    Mathematics
  3. Study Set
    Elementary Intermediate Algebra
  4. Exam
    Exam 14: Sequences, Series, and the Binomial Theorem
  5. Question
    Solve the Problem. -Suppose You Invest $9197 at the End of Each Year
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Solve the Problem. -Suppose You Invest $9197 at the End of Each Year

Question 3

Question 3

Multiple Choice

Solve the problem.
-Suppose you invest $9197 at the end of each year into an account earning 8% interest (compounded annually) . At the end of 8 years, how much money will be in the account?


A) $212,787.60
B) $97,497.80
C) $97,825.06
D) $96,193.70

Correct Answer:

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