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(Table: Account Balance) Using an Interest Rate of 5

Question 24

Multiple Choice

(Table: Account Balance) (Table: Account Balance) Using an interest rate of 5%, the value of the savings account balance in year five is $____. A) 7,835.26 B) 12,500 C) 12,762.82 D) 16,105.10 Using an interest rate of 5%, the value of the savings account balance in year five is $____.


A) 7,835.26
B) 12,500
C) 12,762.82
D) 16,105.10

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