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Financial Math - MA2007
Home Ownership — Cumulative exam
Question 22
22
Quiz
Multiple Choice
Home Ownership — Cumulative exam
Question 22 • Financial Math - MA2007
Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago. Given that the investment yields 2.7% simple interest annually, how big was the initial deposit?a.$2,524.50b.$4,024.03c.$4,250.00d.$11,404.88
Answer
A
A
B
B
C
C
D
D
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