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Today,Stacy Is Investing $18,000 at 6

Question 61

Multiple Choice

Today,Stacy is investing $18,000 at 6.72 percent,compounded annually,for 5 years.How much additional income could she earn if she had invested this amount at 7.15 percent,compounded annually?


A) $43.11
B) $506.06
C) $401.16
D) $442.79
E) $484.08

Correct Answer:

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