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2. If you put $800 in a savings account at the end of each year for 15 years, how much money will be in the

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2. If you put $800 in a savings account at the end of each year for 15 years, how much money will be in the account at the end of the 15th year? Assume that the account earns 12% per annum and round to the nearest dollar. A. $4,379 B. $5,449 C. $12,000 D. $29,824 E. None of the above. 3. Which of the following statements is true about fund managers? A. Fund managers generally provide payment services and investment products. B. Fund managers provide a 'safe haven' for investors' funds. C. Fund managers earn an interest rate spread. D. Fund managers have both low-and high-risk investment products. E. None of the above. 4. A difference between ordinary and preference shares is: A. preference dividends are payable only after ordinary dividends have been paid. B. preference dividends are tax deductible. C. preference dividends are a fixed amount. D. ordinary shares are less risky. E. preference shares have greater potential for capital gains

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