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If $10,000 Is Received and Deposited at 10% at the End

Question 142

Multiple Choice

If $10,000 is received and deposited at 10% at the end of each of the next six years, how much will be in the account after the last payment is deposited?


A) $96,000
B) $77,156
C) $43,553
D) $87,355

Correct Answer:

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