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You deposit $500,000 in a higher risk investment. Three years later, you receive $711,900 and withdraw your funds. Given this information calculate the interest earned at the end of year 3. Select one: A. $78,806 B. $80,806 4

You deposit $500,000 in a higher risk investment. Three years later, you receive $711,900 and withdraw your funds. Given this information calculate the interest earned at the end of year 3. Select one: A. $78,806 B. $80,806 4

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Forwarded You deposit $500,000 in a higher risk investment. Three years later, you receive $711,900 and withdraw your funds. Given this information calculate the interest earned at the end of year 3. Select one: A. $78,806 B. $80,806 C. $77,096 D. $81,096 E. $79,096 Forwarded 3:43 pm.
Transcribed Image Text:Forwarded You deposit $500,000 in a higher risk investment. Three years later, you receive $711,900 and withdraw your funds. Given this information calculate the interest earned at the end of year 3. Select one: A. $78,806 B. $80,806 C. $77,096 D. $81,096 E. $79,096 Forwarded 3:43 pm.
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