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Mr. Nailor invests $16,000 in a money market account at his local bank. He receives annual interest of 9% for 8 years. How much return

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Mr. Nailor invests $16,000 in a money market account at his local bank. He receives annual interest of 9% for 8 years. How much return will his investment eam during this time period? Use Appendix A to calculate the answer Multiple Choice $29,572 $31.888 $8.032 $15,888

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