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FIN 2 2 0 0 - Midterm Exam Page 2 of 1 1 8 . Jim Mayer has deposited $ 7 , 0 0 0
FIN Midterm Exam
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Jim Mayer has deposited $ in a guaranteed investment account with a promised rate of compounded annually. He plans to leave it there for full years when he will make a down payment on a car after graduation. How much of a down payment will he be able to make?
a $
b $
c $
d $
e None of the above.
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