Multiple Choice
A lump-sum deposit of $8,000 left in a bank for 12 years at 9%, compounded annually, will result in an ending balance of: (Select the closest answer.)
A) $11,600.
B) $16,640.
C) $22,504.
D) $52,938.
E) $96,000.
Correct Answer:
Verified
Correct Answer:
Verified
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