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15. If $100 is placed in an account that earns a simple 4 percent, compounded quarterly, will it be worth in 5 years? a. $122.02

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15. If $100 is placed in an account that earns a simple 4 percent, compounded quarterly, will it be worth in 5 years? a. $122.02 b. $105.10 c. $135.41 d. $120.90 e. $117.48 $1,000 for five years. Which one of the following will provide her with 16. Kate wants to invest the largest future value? a. 6 percent simple interest b. 6 percent interest, compounded monthly c. 6 percent interest, compounded annually d. 7 percent simple interest e. 7 percent interest, compounded monthly

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