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Suppose You Deposited $250 at the End of 2011,2012,2013 and 2014.How

Question 11

Multiple Choice

Suppose you deposited $250 at the end of 2011,2012,2013 and 2014.How much would you have in your account on 1 January 2015,based on annual compounding of 8% by your bank?


A) $1025.25
B) $1235.53
C) $1183.53
D) $1126.53

Correct Answer:

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