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    Accounting
  4. Exam
    Exam 11: Long-Term Liabilities, bonds Payable, and Classification of Liabilities on the Balance Sheet
  5. Question
    If $10,000 Is Invested for One Year and Earns an Annual
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If $10,000 Is Invested for One Year and Earns an Annual

Question 126

Question 126

Multiple Choice

If $10,000 is invested for one year and earns an annual interest rate of 7%,it will grow in value to:


A) $10,700.
B) $17,000.
C) $700
D) $70,000.

Correct Answer:

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