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You Have Just Placed $500 in a Bank Account That

Question 99

Multiple Choice

You have just placed $500 in a bank account that earns an annual rate of return of 6%.How much will you have in that bank account after 6 years?


A) $652.48
B) $709.26
C) $787.66
D) $758.66
E) $801.68

Correct Answer:

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