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    Exam 5: Mathematics of Finance
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    Robin, Who Is Self-Employed, Contributes $5,500/year into a Keogh Account
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Robin, Who Is Self-Employed, Contributes $5,500/year into a Keogh Account

Question 1

Question 1

Multiple Choice

Robin, who is self-employed, contributes $5,500/year into a Keogh account. How much will he have in the account after 15 years if the account earns interest at the rate of 8.5%/year compounded yearly? ​


A) $155,277.48
B) $18,698.59
C) $219,983.36
D) $6,623.25

Correct Answer:

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