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If for the Next 40 Years You Place $3,000 in Equal

Question 30

Multiple Choice

If for the next 40 years you place $3,000 in equal year-end-deposits into an account earning 8% per year,how much money will be in the account at the end of that time period?


A) $120,000.00
B) $777,169.56
C) $839,343.12
D) $2,606,942.58

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