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Use of Financial Calculator TI BA II Plus Required

Question 79

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

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