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Robert Placed $7,000 in a 10-Month Term Deposit Paying 6

Question 112

Multiple Choice

Robert placed $7,000 in a 10-month term deposit paying 6.25%. How much will the term deposit be worth when it matures?

A) $3,645.83
B) $7,991.81
C) $7,364.58
D) $6,653.46
E) $7,769.89

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