Multiple Choice
Use of Financial Calculator TI BA II Plus required. Angela knows that the bank rate is 4.5 percent but is willing to accept twice the risk on a long-term investment for her retirement. How much more will she earn on a 22-year deposit of $5000 if she is willing to tolerate the higher risk over the guaranteed bank rate? (round your answer)
A) $22 012
B) $20 125
C) $18 625
D) $2012
Correct Answer:

Verified
Correct Answer:
Verified
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