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Kevin Just Deposited $13,000 into His Savings Account at Traditions

Question 56

Multiple Choice

Kevin just deposited $13,000 into his savings account at Traditions Bank.The bank will pay .87 percent interest,compounded annually,on this account.How much interest on interest will he earn over the next 5 years?


A) $8.67
B) $9.93
C) $8.92
D) $9.49
E) $9.73

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