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Jasper Company Will Invest $300,000 Today

Question 18

Multiple Choice

Jasper Company will invest $300,000 today. The investment will earn 6% for 5 years, with no funds withdrawn. In 5 years, the amount in the investment fund is


A) $300,000.
B) $390,000.
C) $401,469.
D) $402,087.

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