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    Exam 5: Time Value of Money-The Basics
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    If You Put $600 in a Savings Account That Yields
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If You Put $600 in a Savings Account That Yields

Question 72

Question 72

Multiple Choice

If you put $600 in a savings account that yields an 8% rate of interest compounded weekly,what will the investment be worth in 37 weeks (round to the nearest dollar) ?


A) $648
B) $635
C) $634
D) $645

Correct Answer:

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