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If Ashley Deposits $10,500 into a Savings Account That Earns

Question 129

Multiple Choice

If Ashley deposits $10,500 into a savings account that earns 2.7% interest per year compounded monthly, how much money can she expect to be in the account in 3 years? Round your answer to two decimal places.


A) $11,384.86
B) $11,350.50
C) $9682.15
D) $884.86

Correct Answer:

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