Multiple Choice
Dan inherited $1000 from his grandmother's estate.He has found an investment opportunity that will earn 7% interest compounded annually each year for the next two years.If he puts his money into this investment,what will he earn in interest at the end of two years?
A) $107.77
B) $70
C) $14.70
D) $144.90
Correct Answer:
Verified
Correct Answer:
Verified
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