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Theresa Adds $1,500 to Her Savings Account on the First

Question 40

Multiple Choice

Theresa adds $1,500 to her savings account on the first day of each year.Marcus adds $1,500 to his savings account on the last day of each year.They both earn 6.5 percent annual interest.What is the difference in their savings account balances at the end of 35 years?


A) $12,093
B) $12,113
C) $12,127
D) $12,211
E) $12,219

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