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If you place $50 in a savings account with an interest rate of 7% compounded week the investment be worth at the end of five years (round to the nearest dollar)? Select one: a. $71 b. $70 c. $79

If you place $50 in a savings account with an interest rate of 7% compounded week the investment be worth at the end of five years (round to the nearest dollar)? Select one: a. $71 b. $70 c. $79

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If you place $50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to the nearest dollar)? Select one: a. $71 b. $70 10 C. $79 d. $57
Transcribed Image Text:If you place $50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to the nearest dollar)? Select one: a. $71 b. $70 10 C. $79 d. $57
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