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If $15,000 Is Invested Annually in an Account with 9

Question 113

Multiple Choice

If $15,000 is invested annually in an account with 9% interest compounding yearly, what will the balance of the account be after five years? Refer to the following Future Value table: Future value of annuity of $1: If $15,000 is invested annually in an account with 9% interest compounding yearly, what will the balance of the account be after five years? Refer to the following Future Value table: Future value of annuity of $1: A) $26,180 B) $26,211 C) $58,350 D) $25,125


A) $26,180
B) $26,211
C) $58,350
D) $25,125

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