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As a Future Graduation Present,you Uncle Has Just Placed $6,000

Question 14

Multiple Choice

As a future graduation present,you uncle has just placed $6,000 in a bank account that will earn an annual rate of return of 6%.How much will be in that account when you graduate in four years?


A) $7,731.55
B) $6,752.56
C) $6,247.70
D) $7,790.63
E) $7,574.86

Correct Answer:

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