Multiple Choice
Mary Fagan invested $6,500 in a bank account that pays interest at the rate of 8% compounded annually.If Fagan makes no withdrawals,the account balance after 5 years will be:
A) $9,550.45
B) $9,100.00
C) $4,423.90
D) $9,603.75
Correct Answer:
Verified
Correct Answer:
Verified
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