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If You Put $6,000 in a Savings Account That Yields

Question 23

Multiple Choice

If you put $6,000 in a savings account that yields an 1% rate of interest compounded daily, what will the investment be worth at the end of one year?


A) $6060.00
B) $6,060.30
C) $6,006.03
D) $6,760.95

Correct Answer:

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