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Posted on Sep 06, 2024

Isaac invests $ 1 2 , 0 0 0 in a money market account at his local bank. He receives annual interest of 1 2

Isaac invests $

12, 000

in a money market account at his local bank. He receives annual interest of

12 %

for

11

years. How much return will his investment earn during this time period? Use Appendix A to calculate the answer.

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