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If Cindy Deposits $12,000 into a Bank Account That Pays

Question 53

Multiple Choice

If Cindy deposits $12,000 into a bank account that pays 6% interest compounded semiannually,what will the account balance be in seven years?


A) 18,151
B) 14,356
C) 16,987
D) 15,555

Correct Answer:

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