Harry received a scholarship of $2,000.He plans to invest this money for five years at 8%,compounded annually.If he accomplishes this,Harry will have an ending balance of: (Use time value tables or a financial calculator.Select the closest answer.)
A) $2,160.
B) $2,520.
C) $2,608.
D) $2,938.
E) $3162.
Correct Answer:
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