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You Invest $10 000 at 5% Interest Rate Compounded Monthly

Question 44

Multiple Choice

You invest $10 000 at 5% interest rate compounded monthly, what is your accumulated interest at the end of year 2?

A) $511.62
B) $537.79
C) $1 025.00
D) $1 049.41
E) $1 089.41

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