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Walter wants to deposit $1,500 into a certificate of deposit at the end of each of the next 6 years. The deposits will earn 5
Walter wants to deposit $1,500 into a certificate of deposit at the end of each of the next 6 years. The deposits will earn 5 percent compound annual interest. If Walter follows through with his plan, approximately how much will be in his account immediately after the sixth deposit is made? (A) $8,455 (B) $9,450 (C) $10,200 (D) $11,200
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