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Today,you Deposit $2,400 in a Bank Account That Pays 4

Question 28

Multiple Choice

Today,you deposit $2,400 in a bank account that pays 4 percent simple interest.How much interest will you earn over the next 5 years?

A) $96.00
B) $101.15
C) $480.00
D) $492.16
E) $519.97

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