Multiple Choice
Compounding: Richard Delgado 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:
Verified
Correct Answer:
Verified
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