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    Money and Banking Study Set 1
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    Exam 4: Interest Rates
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    After 100 Years, a Deposit of $1 That Compounds Annually
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After 100 Years, a Deposit of $1 That Compounds Annually

Question 19

Question 19

Multiple Choice

After 100 years, a deposit of $1 that compounds annually at 1% returns


A) $2.
B) $2.70.
C) $100.
D) none of the above.

Correct Answer:

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