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If $6000 Is Invested at an Annual Interest Rate of 7

Question 66

Multiple Choice

If $6000 is invested at an annual interest rate of 7% and compounded annually, find the balance after 3 years.

A) $11,802.91
B) $7350.26
C) $10,309.12
D) $13,513.15
E) $6420.00

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