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If your bank pays you interest in the form of an annual rate of return of 10% over each of the next three years, how much will your balance be if you make annual deposits of $400 ? a) $1,324.00 b) $2,644.
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If your bank pays you interest in the form of an annual rate of return of 10% over each of the next three years, how much will your balance be if you make annual deposits of $400 ?

a) $1,324.00
b) $2,644.20
c) $2,516.31
d) $2,442.04

User Thompson
by
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1 Answer

5 votes
Answer: D- $2,442.04
User Ross Studtman
by
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