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If $1000 Is Invested for 2 Years at 6% Compounded

Question 31

Multiple Choice

If $1000 is invested for 2 years at 6% compounded quarterly,then the compound amount at the end of the period is


A) $1120.00.
B) $1123.60.
C) $1126.49.
D) $1141.23.
E) $1593.84.

Correct Answer:

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