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How Much Would You Have in 10 Years If You $8,193.08\$ 8,193.08

Question 218

Multiple Choice

How much would you have in 10 years if you purchased a $5,000 6-year savings certificate that paid 5% compounded semiannually?


A) $8,193.08\$ 8,193.08
B) $6,724.44\$ 6,724.44
C) $11,018.78\$ 11,018.78
D) $8,051.62\$ 8,051.62
E) $6,734.28\$ 6,734.28

Correct Answer:

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