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.Seven years ago David deposited $10,000 into an account earning 5.25% compounded monthly. Recently, David was quoted by a home improvement firm a price of
.Seven years ago David deposited $10,000 into an account earning 5.25% compounded monthly. Recently, David was quoted by a home improvement firm a price of $15,000 to renovate his roof. Does David have enough cash on hand to pay for the roof?
A. Yes. David now has exactly $15,000 in his account. B. No. David has only $14,430 in his account. C. Yes. David now has $17,818 in his account. D. No. David has $12,818 in his account E. No. David has only $11,508 in his account
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