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$1,200 Is Deposited Today into an Account Paying 6% Interest

Question 25

Multiple Choice

$1,200 is deposited today into an account paying 6% interest compounded semiannually.How much interest will have been earned after 25 years?

A) $3,950.24
B) $1,312.53
C) $20,904.19
D) $5,260.69
E) $4,060.69

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