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A person won $50,000 as a game show contestant and invests this money for 2 years and 3 months at an interest rate of 4%

A person won $50,000 as a game show contestant and invests this money for 2 years and 3 months at an interest rate of 4% (simple interest). How much will this person have in principal and interest at the end of the investment period? O $4,500 0 $50,000 0 $54,080 0 $54,500

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