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Downtown Bank Is Offering 2

Question 109

Multiple Choice

Downtown Bank is offering 2.2 percent compounded daily on its savings accounts.You deposit $8,000 today.How much will you have in your account 11 years from now?


A) $10,190.28
B) $10,714.06
C) $11,204.50
D) $11,336.81
E) $11,414.14

Correct Answer:

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