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Kathleen invests $107 withMr. Madoff, heraccountant.Mr. Madoffpromises thattheaccount willpay4 percent simple interest each year. How much money will Kathleen have at the end of 6
Kathleen invests $107 withMr. Madoff, heraccountant.Mr. Madoffpromises thattheaccount willpay4 percentsimple interesteach year. How much money will Kathleen have at the end of 6 years?
A) $130.18
B) $136.96
C) $132.68
D) $135.39
E) $128.40
I need help decided which answer is correct. Thank you.
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