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At the End of Each Year for 25 Years You

Question 57

Multiple Choice

At the end of each year for 25 years you deposit $365 in an account that earns 12% interest.If instead you had begun saving earlier,and had deposited $365 in the account each year for 50 years,how much more money would you have on deposit?


A) $13,607.10
B) $157,557.18
C) $718,449.48
D) $827,339.80

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