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You Deposit $500 Today in a Savings Account That Pays

Question 53

Multiple Choice

You deposit $500 today in a savings account that pays 3.5% interest,compounded annually.How much will your account be worth at the end of 25 years?


A) $1,122.54
B) $1,181.62
C) $1,240.70
D) $1,302.74
E) $1,367.88

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