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TCHS VV Financial Math A
Compound Interest
Question 2
2
Quiz
Multiple Choice
Compound Interest
Question 2 • TCHS VV Financial Math A
How much money would need to be deposited into an account earning 5.25% interest compounded annually in order for the accumulated value at the end of 25 years to be $75,000?a.$20,243.85b.$20,869.34c.$57,142.86d.$67,245.61
Answer
A
A
B
B
C
C
D
D
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