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To Pay for Her College Education,Gina Is Saving $2,000 at the Beginning

Question 11

Multiple Choice

To pay for her college education,Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account paying 12 percent interest.How much will Gina have in that account at the end of 8th year? (Round up to the nearest whole dollar amount)


A) $16,000
B) $17,920
C) $24,600
D) $27,552

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