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If,at the Age of 21,you Put $1,000 in a Bank

Question 31

Multiple Choice

If,at the age of 21,you put $1,000 in a bank account promising to pay 6% annual compound interest and you make no withdrawals,how much will be in the account 45 years later when you retire at age 66?


A) $3,752.
B) $13,765.
C) $24,871.
D) $46,794.
E) $66,455.

Correct Answer:

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