FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:If an amount of $10,000 is deposited into a savings account at an annual interest rate of
4%, compounded monthly, the value of the investment after 8 years is
(a) $13,763.95
(b) $13,768.95
(c) $13,765.95
(d) $13,769.95
Answer
A
В
C
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