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Question 85

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Use this information to answer the following question. Use this information to answer the following question. A single deposit of $7,000 made at the beginning of period 1 and earning 12 percent interest compounded annually would grow to how much at the end of three years? A) $7,840 B) $9,835 C) $8,778 D) $23,618 A single deposit of $7,000 made at the beginning of period 1 and earning 12 percent interest compounded annually would grow to how much at the end of three years?


A) $7,840
B) $9,835
C) $8,778
D) $23,618

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