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Every year you deposit $3,500 into an account that eams 1% Click the icon to view the interest and annuity table for dir Choose the correct answer below DA. $165,837 OB. $123,795 OC. $171,102 OD. $172,813 DE. $140,000

Every year you deposit $3,500 into an account that eams 1% Click the icon to view the interest and annuity table for dir Choose the correct answer below DA. $165,837 OB. $123,795 OC. $171,102 OD. $172,813 DE. $140,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Every year you deposit $3,500 into an account that earns 19% interest per year, What will be the balance of your account immediately after the 40th deposit? Click the icon to view the interest and annuity table for discrete compounding when / 1% per year. Choose the correct answer below. O A. $165,837 O B. $123,795 OC. $171,102 OD. $172,813 OE. $140,000
Transcribed Image Text:Every year you deposit $3,500 into an account that earns 19% interest per year, What will be the balance of your account immediately after the 40th deposit? Click the icon to view the interest and annuity table for discrete compounding when / 1% per year. Choose the correct answer below. O A. $165,837 O B. $123,795 OC. $171,102 OD. $172,813 OE. $140,000
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