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If You Put $200 in a Savings Account at the Beginning

Question 52

Multiple Choice

If you put $200 in a savings account at the beginning of each year for 5 years and $300 at the beginning of each year for the next 5 years, how much will be in the account at the end of the 10th year? Assume that the account earns 10%, and round to the nearest $1.00.


A) $3,798
B) $4,178
C) $4,596
D) $2,750

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