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    Financial Accounting Study Set 14
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    Exam 13: Time Value of Money
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    If You Put $200 into a Savings Account That Pays
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If You Put $200 into a Savings Account That Pays

Question 7

Question 7

True/False

If you put $200 into a savings account that pays annual compound interest of 8% per year and then withdraw the money two years later,you will earn interest of $32.

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