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St Therese's Church Is Going to Invest $10,000 at the Beginning

Question 197

Multiple Choice

St. Therese's Church is going to invest $10,000 at the beginning of every six months into a New Building Fund. We anticipate the fund will earn 10% compounded semiannually. What amount should they have after 15 years?


A) $734,933
B) $697,608
C) $821,274
D) $603.518
E) $448,139

Correct Answer:

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