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If You Had Deposited $1

Question 32

Multiple Choice

If you had deposited $1.00 in a bank account at an annual rate of 2% at the beginning of 1929, how much would you have in the account at the end of 2008, assuming the interest rate
Remained constant?


A) $160.00
B) $47.79
C) $4.88
D) $81.60

Correct Answer:

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