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Ten Years Ago, Emma Purchased an Investment for $22,500

Question 8

Multiple Choice

Ten years ago, Emma purchased an investment for $22,500. The investment earned 7 percent interest each year. What is the value of the investment today?


A) $36,667.76
B) $38,250.26
C) $40,527.37
D) $44,260.91
E) $46,458.63

Correct Answer:

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