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You Inherited $25,000 Today and Placed It in an Account

Question 46

Multiple Choice

You inherited $25,000 today and placed it in an account that earns an 8% annual rate of return.What will be the value of the account after 25 years?


A) $50,000
B) $110,897
C) $121,307
D) $171,212

Correct Answer:

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