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    Exam 4: Interest Rates
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    After Three Years, a Deposit of $1,000 That Compounds Annually
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After Three Years, a Deposit of $1,000 That Compounds Annually

Question 8

Question 8

Multiple Choice

After three years, a deposit of $1,000 that compounds annually at an interest rate of 20% returns


A) $1,000.
B) $1,200.
C) $1,440.
D) $1,728.

Correct Answer:

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