Multiple Choice
Trinity deposits $8,000 in a bank at an interest rate of 8 percent per year compounded annually.
-Refer to the scenario above. What will be the future value of the deposit after 2 years?
A) $8,761.20
B) $8,990.40
C) $9,000
D) $9331.20
Correct Answer:
Verified
Correct Answer:
Verified
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