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If $16,000 Is Invested at 10% for 20 Years, Find

Question 401

Multiple Choice

If $16,000 is invested at 10% for 20 years, find the future value if the interest is compounded daily.

A) $118,205.20
B) $117,637.20
C) $118,192.52
D) $118,126.47
E) $117,930.19

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