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Question 127

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Use this information to answer the following question. Use this information to answer the following question. If $200 is invested at 7 percent APR,which of the following formulas would be used to determine to how much the deposit would grow at the end of three years? A) $200 ´ 0.935 ´ 3 B) $200 ¸ 0.816 C) $200 ¸ 2.624 ´ 3 D) $200 ´ 2.624 If $200 is invested at 7 percent APR,which of the following formulas would be used to determine to how much the deposit would grow at the end of three years?


A) $200 ´ 0.935 ´ 3
B) $200 ¸ 0.816
C) $200 ¸ 2.624 ´ 3
D) $200 ´ 2.624

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