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You Put $2,000 in an IRA Account at Northern Trust

Question 84

Multiple Choice

You put $2,000 in an IRA account at Northern Trust. This account pays a fixed interest rate of 8% compounded quarterly. How much money do you have in five years?


A) $2,914
B) $2,938
C) $2,972
D) $2,999

Correct Answer:

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