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Connie Made Deposits of $2,000 at the Beginning of Each

Question 88

Multiple Choice

Connie made deposits of $2,000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the value of Connie's account in four years?


A) $11,051.00
B) $8,260.20
C) $8,260.00
D) $9,051.20
E) None of these

Correct Answer:

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