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QuizMultiple Choice

Topic Test

Question 1 • FT GMS AMDM B IC – 72

Solve the problem. Round to the nearest cent.Stan’s savings account has a balance of $2257. After 5 years, what will the amount of interest be at 10% compounded quarterly?

Answer
A
$1432.36
B
$1446.36
C
$112.85
D
$1441.36
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