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A Medical Practice Invested $40,000 in an Account That Pays

Question 99

Multiple Choice

A medical practice invested $40,000 in an account that pays 7% annual interest, compounded quarterly. What is the value of the investment in 1 year? Use the Compound Interest Table at the below. A medical practice invested $40,000 in an account that pays 7% annual interest, compounded quarterly. What is the value of the investment in 1 year? Use the Compound Interest Table at the below. A) $42884.6 B) $42874.4 C) $42774.2 D) $42884.4 E) $42854.4


A) $42884.6
B) $42874.4
C) $42774.2
D) $42884.4
E) $42854.4

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