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If Vu Deposits $5,500

Question 10

Multiple Choice

If Vu deposits $5,500.00 in a savings account that earns 4% interest per year compounded quarterly, how much money can she expect to be in the account in 5 years? Round your answer to two decimal places.


A) $6,600.00
B) $1,211.05
C) $4,498.49
D) $6,711.05

Correct Answer:

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