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Question 2 The sum of $1,000 is deposited into an account paying 10% annually. If $500 is withdrawn at the end of year 1 and $300 is withdrawn at the end of year 2, how much then remains in th account? OA $200 OB. $1210 OC. $360 OD. $500

Question 2 The sum of $1,000 is deposited into an account paying 10% annually. If $500 is withdrawn at the end of year 1 and $300 is withdrawn at the end of year 2, how much then remains in th account? OA $200 OB. $1210 OC. $360 OD. $500

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
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**Question 2** The sum of $1,000 is deposited into an account paying 10% annually. If $500 is withdrawn at the end of year 1 and $300 is withdrawn at the end of year 2, how much then remains in the account? - A. $200 - B. $1210 - C. $360 - D. $500
Transcribed Image Text:**Question 2** The sum of $1,000 is deposited into an account paying 10% annually. If $500 is withdrawn at the end of year 1 and $300 is withdrawn at the end of year 2, how much then remains in the account? - A. $200 - B. $1210 - C. $360 - D. $500
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