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If $8000 Is Invested at an Annual Interest Rate of 3.5

Question 30

Multiple Choice

If $8000 is invested at an annual interest rate of 3.5% and compounded annually, find the balance after 9 years.

A) $11,679.76
B) $8869.74
C) $10,534.47
D) $9501.49
E) $10,903.18

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