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Kim Invested $7500 in a Business for 3 Months

Question 29

Multiple Choice

Kim invested $7500 in a business for 3 months. She withdrew $2500 at the start of the fourth month and kept the rest of the money in the savings account for the remaining 9 months in the year. What is Kim's average monthly investment balance for the year?


A) $833
B) $1042
C) $3750
D) $5625
E) $5000

Correct Answer:

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