kk4dence kk4dence

11-04-2024
Mathematics

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6) Choose the correct answer.
You deposit $10,000 in an account that pays 4% interest compounded monthly. How much
will your investment be worth in 33.3 years? (At simple interest, it would be worth $30,000.)
$37,802.30
$31,998.02
$34,528.94
$41,236.89

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