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An Investor Puts $200 in a Money Market Account TODAY

Question 114

Multiple Choice

An investor puts $200 in a money market account TODAY that returns 3% per year with monthly compounding.The investor plans to keep his money in the account for 2 years.What is the future value of his investment when he closes the account two years from today?


A) $215.00
B) $212.35
C) $206.08
D) $188.37

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