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Barry Newman's Savings Account Has a Balance Of $\$ 1964$ After 10 Years, What Will the Amount of Interest

Question 289

Multiple Choice

Barry Newman's savings account has a balance of $\$ 1964$ . After 10 years, what will the amount of interest be at $8 \%$ compounded annually?

A) $\$ 2276.13$
B) $\$ 2267.13$
C) $\$ 1571.20$
D) $\$ 2281.13$

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