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How Much Would You Need to Deposit in a Bank

Question 75

Multiple Choice

How much would you need to deposit in a bank account paying 4% annual interest compounded continuously so that at the end of 2 years you would have $10,000?


A) $9,231.16
B) $9,607.89
C) $10,832.87
D) $10,408.11

Correct Answer:

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