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40) Jay Z earned $500,000 for a one-night singing gig in Macau, a zero-tax jurisdiction. He immediately wired those funds to Butterfield Bank in the
40) Jay Z earned $500,000 for a one-night singing gig in Macau, a zero-tax jurisdiction. He immediately wired those funds to Butterfield Bank in the British Virgin Islands as a three-year bank deposit. Mr. Z earns 7% on her money each year. What is the value of her deposit after three years? (42/19) a) $500,000 b) $507,000 c) $535,000 d) $572,450 e) $612,522
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