The stated interest rate on your account is 3.5%,interest compounded monthly.If you deposit $100 each month,how much will you have in your account in 8 years? (Use time value tables or financial calculator.)
A) $9,600
B) $9,936
C) $11,060
D) $12,288
E) $12,350
Correct Answer:
Verified
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Q90: A(n)_ is not an interest-bearing account.
A)money market
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Q95: The stated interest rate on your account
Q96: The stated interest rate on your account
Q97: A _ is an interest-bearing checking account.
A)certificate
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A)Financial Deposit
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