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You Deposit $1,475 Today in a Savings Account That Pays

Question 14

Multiple Choice

You deposit $1,475 today in a savings account that pays 6% interest,compounded annually.How much will your account be worth at the end of 25 years?


A) $5,760.76
B) $7,026.87
C) $7,216.78
D) $6,330.51
E) $6,203.90

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