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Justin Invests $4,000 in a Savings Account for Two Years

Question 21

Multiple Choice

Justin invests $4,000 in a savings account for two years. The account pays 2% interest compounded annually. How much money will be in the account at the end of the second year?


A) $4,161.60
B) $4,160.00
C) $4,080.00
D) $1,161.60

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