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Claudine Corporation Will Deposit $5,000 into a Money Market Account

Question 51

Multiple Choice

Claudine Corporation will deposit $5,000 into a money market account at the end of each year for the next five years.How much will accumulate by the end of the fifth and final payment if the account earns 9% interest?


A) $32,617.
B) $29,924.
C) $27,250.
D) $26,800.

Correct Answer:

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