Question
If you deposit $1,000 in an account that earns 5% per year (compounded monthly), what will the balance in the account be at the end
If you deposit $1,000 in an account that earns 5% per year (compounded monthly), what will the balance in the account be at the end of 5 years?
Multiple Choice
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$1,283
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$1,272
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$1,280
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$1,276
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman
5th Edition
0367335417, 978-0367335410
