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Cooper Invests $6,500 in a Savings Account at His Local

Question 260

Multiple Choice

Cooper invests $6,500 in a savings account at his local bank. The bank pays 2.75% simple interest. Cooper does not make any additional withdrawals or deposits to this account. How much will his
Account be worth after 12 years?


A) $2,145
B) $2,655
C) $6,679
D) $8,645
E) $9,001

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