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This Morning, TL Trucking Invested $80,000 to Help Fund a Company

Question 65

Multiple Choice

This morning, TL Trucking invested $80,000 to help fund a company expansion project planned for 4 years from now. How much additional money will the firm have 4 years from now if it can earn 5 percent rather than 4 percent on its savings?


A) $2,940.09
B) $3,651.82
C) $4,008.17
D) $4,219.68
E) $4,711.08

Correct Answer:

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