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Naomi Plans on Saving $3,000 a Year and Expects to Earn

Question 18

Multiple Choice

Naomi plans on saving $3,000 a year and expects to earn an annual rate of 10.25 percent.How much will she have in her account at the end of 45 years?


A) $1,806,429
B) $1,838,369
C) $2,211,407
D) $2,333,572
E) $2,508,316
F) None of the above.

Correct Answer:

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