Scenario: Wendy and John each deposit $2,000 in a bank account at different rates of interest. Wendy receives interest on her deposit at an annual rate of 6 percent, while John receives interest at an annual rate of 9 percent.
-Refer to the scenario above.What will be the future value of Wendy's deposit after 1 year?
A) $2,110
B) $2,120
C) $2,360
D) $2,400
Correct Answer:
Verified
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