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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
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    You Invest $8500 in a Savings Account That Pays Interest
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You Invest $8500 in a Savings Account That Pays Interest

Question 116

Question 116

Multiple Choice

You invest $8500 in a savings account that pays interest of 4.8% compounded monthly. What is the value of your account after 19 months?


A) $9169.79
B) $9669.79
C) $9119.79
D) $9219.79
E) $9999.79

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