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If $10,000 Per Year Is Deposited at 8% Starting Today

Question 10

Multiple Choice

If $10,000 per year is deposited at 8% starting today and at the beginning of each of the next five years (6 deposits) , the amount on deposit will be:


A) $46,229.
B) $73,359.
C) $49,927.
D) $79,228.

Correct Answer:

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