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Evelyn Has Invested $10,000/year for Ten Years at an Annual

Question 65

Multiple Choice

Evelyn has invested $10,000/year for ten years at an annual interest rate of 8%. Beginning in the 11th year interest rates decrease to 6%. Approximately how much does she have in her account after fifteen years (round to the nearest dollar) ?


A) $27,590
B) $28,891
C) $31,722
D) $23,966

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