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    Fundamentals of Corporate Finance Study Set 19
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    Exam 5: The Time Value of Money
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    Shawn Bowker Invested $10,000 in a Money Market Account That
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Shawn Bowker Invested $10,000 in a Money Market Account That

Question 15

Question 15

Multiple Choice

Shawn Bowker invested $10,000 in a money market account that will pay 5.75 percent compounded daily. How much will the interest on interest be after two years?


A) $1,218.63
B) $1,150.00
C) $33.06
D) $68.63

Correct Answer:

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