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Kelly Smith Deposited $8,500 in an Account Which Pays Interest

Question 64

Multiple Choice

Kelly Smith deposited $8,500 in an account which pays interest at the rate of 8% compounded quarterly.At the end of 3 years,Smith will have:

A) $10,540.00
B) $10,780.05
C) $ 6,747.30
D) $10,707.45

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