Multiple choices 27/50
Answer (Choose 1 answer)
Next
Suppose that a person deposits $16,000 in a savings account at a bank yielding 12 % per ye compounded annually. How much will be in the account after 20 years?
Round to the nearest dollar.
A. $154,341
B. $160,001
C. $179,200
D. $192,000
E. None of the other choices is correct
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