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If Best Buy Invests $600,000 Today at 6% Annual Interest

Question 7

Multiple Choice

If Best Buy invests $600,000 today at 6% annual interest and the money is compounded semiannually, how much will be in the bank account one year from the date invested?


A) $636,540
B) $648,000
C) $698,880
D) $648,720

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