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You Deposit $3,000 in a Retirement Account Today at 5

Question 134

Multiple Choice

You deposit $3,000 in a retirement account today at 5.5% interest. How much more money will you have if you leave the money invested for forty-five years rather than forty years?


A) $7,714.91
B) $7,799.08
C) $7839.74
D) $7,846.52
E) $7,858.19

Correct Answer:

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