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    Finite Mathematics for Business Economics
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    Exam 3: Mathematics of Finance
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    Find the Compound Amount for the Deposit
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Find the Compound Amount for the Deposit

Question 27

Question 27

Multiple Choice

Find the compound amount for the deposit. Round to the nearest cent:
-$15,000 at 10% compounded semiannually for 10 years


A) $38,906.14
B) $39,799.47
C) $30.000.00
D) $24,433.42

Correct Answer:

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