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interest for ten years 8 percent interest for five years 8 percent interest for ten years D. E. 2 Gerald invested $5,600 in an account

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interest for ten years 8 percent interest for five years 8 percent interest for ten years D. E. 2 Gerald invested $5,600 in an account that pays 5 percent simple interest. How much money will he have at the end of ten years? A. r.05 $7,710 . $8,000 C. $8,400 $8,678 D. 2400014.05 . $9,900 3 What is the future value of $6,200 invested for 23 years at 9.25% compounded annually? C9.25 . $22,483.60 $27,890.87 $39,782.91 $41,009.13 $47,433.47 . . D. FU 20 (1.097J) 4 Today, you earn a salary of $36,000. What will be your annual salary twelve years from now if you earn annual raises of 3.6 percent? $55,032.54 $57,414.06 $58,089.90 $59,122.08 $59,360.45 FV-PVC4) A. . C. FV 360 t 3.0) D. E. 5 Your father invested a lump sum 26 years ago at 4.25 percent interest. Today, he gav the proceeds of that investment which totaled $51,480.79. How much did your fath- originally invest? $15,929.47 $16,500.00 $17,444.86 $17,500.00 $17,999.45 . . . D

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