Multiple Choice
If you place $100 in a bank account that pays 6% at the end of each year,and you leave your $100 and all your interest in the bank,how much will you have in the bank at the end of seven years with annual compounding?
A) (106) ⁷.
B) 7 ∗ (106) .
C) 100 ∗ (1.60) ⁷.
D) 100 ∗ (1.06) ⁷.
Correct Answer:
Verified
Correct Answer:
Verified
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