Multiple Choice
You invest $20,000 in a fund that earns simple interest at r = 7% for 2 years,followed by simple interest at r = 5% for 3 years.How much will you have at the end of 5 years?
A) $25,800.00
B) $26,220.00
C) $26,507.30
D) $26,050.50
Correct Answer:
Verified
Correct Answer:
Verified
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