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Find the Value of $1,800 Left on Deposit for 11

Question 35

Multiple Choice

Find the value of $1,800 left on deposit for 11 years at an annual rate of 5%, compounded quarterly.


A) $3,111.24
B) $3,118.24
C) $3,110.64
D) $3,266.70
E) $3,109.24

Correct Answer:

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