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    Business Mathematics Study Set 1
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    Exam 10: Compound Interest and Inflation
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    Use the Table to Solve the Problem
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Use the Table to Solve the Problem

Question 15

Question 15

Multiple Choice

Use the table to solve the problem. Round to the nearest cent. Use the table to solve the problem. Round to the nearest cent.   -Barry Newman's savings account has a balance of $358. After 21 years, what will the amount of interest be at 4% compounded annually? A) $143.20 B) $457.80 C) $462.80 D) $448.80
-Barry Newman's savings account has a balance of $358. After 21 years, what will the amount of interest be at 4% compounded annually?


A) $143.20
B) $457.80
C) $462.80
D) $448.80

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