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Suppose You Invest $2,000 Today,compounded Monthly,with an Annual Interest Rate

Question 10

Multiple Choice

Suppose you invest $2,000 today,compounded monthly,with an annual interest rate of 7.50%.What is your investment worth in one year?


A) $2,150.00
B) $2,152.81
C) $2,155.27
D) $2,154.77

Correct Answer:

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