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If You Make 30 Semi-Annual Deposits of $2,000 into a Fund

Question 92

Multiple Choice

If you make 30 semi-annual deposits of $2,000 into a fund that earns 10% compounded quarterly, how much money will be in the fund two years after the last deposit?


A) $172,275.22
B) $171,931.59
C) $209,481.94
D) $199,387.93
E) $163,646.96

Correct Answer:

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