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Solve the Problem $10,000\$ 10,000 Which Pays 6%6 \% Interest Compounded Annually $5000\$ 5000

Question 150

Multiple Choice

Solve the problem.
-Lou has an account with $10,000\$ 10,000 which pays 6%6 \% interest compounded annually. If to that account, Lou deposits $5000\$ 5000 at the end of each year for 3 years, find out the amount in the account after the last deposit.


A) $25,918.00\$ 25,918.00
B) $15,918.00\$ 15,918.00
C) $27,718.00\$ 27,718.00
D) $27,828.16\$ 27,828.16

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