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Your Grandparents Just Gave You a Gift of $6,500

Question 46

Multiple Choice

Your grandparents just gave you a gift of $6,500.You are investing this money for 6 years at 4 percent simple interest.How much money will you have at the end of the 6 years?


A) $6,760
B) $7,280
C) $7,800
D) $8,060
E) $6,938

Correct Answer:

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