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34 A lump sum deposit of $8,000 left in the bank for 12 years at 9% compounded annually will result in an ending balance of

34 A lump sum deposit of $8,000 left in the bank for 12 years at 9% compounded annually will result in an ending balance of (select the closest answer) $11,600. $16,640. $22,480. $52,938. $96,000

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