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    Exam 8: Mathematics of Finance: An Introduction to Basic Concepts and Calculations
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    An $8000 Bank Deposit Earning Compound Interest of 8
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An $8000 Bank Deposit Earning Compound Interest of 8

Question 8

Question 8

Multiple Choice

An $8000 bank deposit earning compound interest of 8.21% per annum grows to _______ in 5.25 years.


A) $11 284.00
B) $12 058.14
C) $12 105.81
D) $16 019.15

Correct Answer:

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