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Theo Is Depositing $1,300 Today in an Account with an Expected

Question 24

Multiple Choice

Theo is depositing $1,300 today in an account with an expected rate of return of 8.1 percent.If he deposits an additional $3,200 two years from today,and $4,000 three years from today,what will his account balance be ten years from today?


A) $14,044.89
B) $16,412.31
C) $15,182.53
D) $15,699.54
E) $17,741.71

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