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What Will Be the Maturity Value of $25,000 Placed in a 90-Day

Question 37

Multiple Choice

What will be the maturity value of $25,000 placed in a 90-day term deposit paying a simple interest rate of 4.75%?

A) $24,710.58
B) $25,396.77
C) $25,292.81
D) $25,306.77
E) $25,302.57

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