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Suppose You Deposit $100 in the Bank and Leave It

Question 52

Multiple Choice

Suppose you deposit $100 in the bank and leave it there for 10 years. At the end of 10 years, how much will be in my account if the annual rate of interest is 5 percent?


A) $150
B) $163
C) $105
D) $200
E) $175

Correct Answer:

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