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If Joe Has $5,600 Today and Invests It at a 10

Question 94

Multiple Choice

If Joe has $5,600 today and invests it at a 10% interest rate,how much will he have in 12 years? (Note-Solve as a future value problem.)


A) $17,393.60
B) $17,572.80
C) $15,770.49
D) $12,320.00

Correct Answer:

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