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If You Put $2,000 in a Savings Account That Yields

Question 97

Multiple Choice

If you put $2,000 in a savings account that yields 8% compounded semiannually,how much money will you have in the account in 20 years (round to nearest $10) ?


A) $6,789
B) $8,342
C) $9,602
D) $9,972

Correct Answer:

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