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Use the Compound Interest Table to Solve the Following Problem $7000\$ 7000

Question 199

Multiple Choice

Use the compound interest table to solve the following problem.
-Identify the principal in the following percent problem. $7000\$ 7000 deposited at a 5%5 \% interest rate earns $1400\$ 1400 over 4 years.


A) 7000
B) 5
C) 1400
D) 4

Correct Answer:

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