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    If You Left $2,500 on Deposit with a Bank Promising
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If You Left $2,500 on Deposit with a Bank Promising

Question 114

Question 114

Multiple Choice

If you left $2,500 on deposit with a bank promising to pay you a 6% compound annual rate of interest,then after 50 years your deposit would total


A) $2,650.
B) $10,000.
C) $18,420.
D) $46,050.
E) $250,750.

Correct Answer:

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