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41 votes
41 votes
Taylor has a bank account earning 5 percent interest compounded annally. If her initial deposit was a 1,000, and she makes a withdrawal of $200 after 3 years, which of the following represents the total amount in her account after 7 years.

(A) 1,000 (1.05)^7- 200
(B) 1,000 (1.05)^3 + 800(1.05)^4
(C) 1,000 (1.05)^3 -200( 1.05)^4
(D) 1,000(1.05)^7 - 200(1.05)^4​

User Herbie
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1 Answer

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10 votes
I think the answer to this question is (c)
User Renzzs
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