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Mr Berkey Deposits $10,000 in a Money Market Account at His

Question 96

Multiple Choice

Mr. Berkey deposits $10,000 in a money market account at his local bank. He receives annual interest of 8% for 7 years. How much interest will he earn on his investment during this time period?


A) $17,140
B) $7,140
C) $17,180
D) $7,180

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