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Financial Math - MA2007 CR
Compound Interest
Question 4
4
Quiz
Multiple Choice
Compound Interest
Question 4 of 23 • Financial Math - MA2007 CR
Money is invested into an account earning 4.25% interest compounded annually. If the accumulated value after 18 years will be $25,000, approximately how much money is presently in the account?a.$5,875b.$11,820c.$19,125d.$23,960
Answer
A
A
B
B
C
C
D
D
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Compound Interest - Question 4 | Financial Math - MA2007 CR | Revolt