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Question 82

Multiple Choice

Solve the problem. When needed, use 365 days per year and 30 days per month.
-An initial investment of $14,000 is appreciated for 3 years in an account that earns 14% interest, compounded semiannually. Find the amount of money in the account at the end of the period.


A) $19,635.72
B) $21,010.22
C) $7010.22
D) $20,741.62

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