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Alex has obtained $1,000 and he takes it to the bank where the account is compounded monthly at 5%. He will leave it for 10 years. How much money will he have after 10 years?

A) $647.01 B) $1,042.46 C) $1,647.01 D) $13,4107.18

User Greg Navis
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2 Answers

4 votes
The answer would be C
User Bernard Potocki
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5 votes
I think the answer is D.
I hope this helps!
User YJR
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