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Your Grandmother Invested One Lump Sum 17 Years Ago at 4.25

Question 118

Multiple Choice

Your grandmother invested one lump sum 17 years ago at 4.25% interest. Today,she gave you the proceeds of that investment which totaled $5,539.92. How much did your grandmother originally invest?


A) $2,700.00
B) $2,730.30
C) $2,750.00
D) $2,768.40
E) $2,774.90

Correct Answer:

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