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Suppose You Invest $8900\$ 8900 At the End of Each Year into an Account Earning

Question 107

Multiple Choice

Suppose you invest $8900\$ 8900 at the end of each year into an account earning 6%6 \% interest (compounded annually) . At the end of 6 years, how much money will be in the account?


A) $62,080.30\$ 62,080.30
B) $61,835.30\$ 61,835.30
C) $210,413.70\$ 210,413.70
D) $60,857.80\$ 60,857.80

Correct Answer:

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