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Today Is Your 21st Birthday and Your Bank Account Balance

Question 43

Multiple Choice

Today is your 21st birthday and your bank account balance is $25,000.Your account is earning 6.5% interest compounded daily.How much will be in the account on your 50th birthday?


A) $159,795
B) $162,183
C) $163,823
D) $164,631

Correct Answer:

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