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At the End of Last Year the Wealth Was $48,000

Question 65

Multiple Choice

At the end of last year the wealth was $48,000, with a return on the accumulated wealth was 2% during this year and $1700 was saved this year. At the end of this year the accumulated wealth is:


A) $49,700
B) $50,660
C) $46,300
D) $2660
E) None of the above

Correct Answer:

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