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Veronica Deposited $1,000 into an Account Two Years Ago

Question 49

Multiple Choice

Veronica deposited $1,000 into an account two years ago.The first year she earned 7 percent interest;the second year she earned 5 percent.How much money does Veronica have in her account today?


A) $1,133.31
B) $1,120.00
C) $1,123.50
D) None of the above are correct to the nearest cent.

Correct Answer:

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