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What amount of cash would result at the end of one year, if $15,000 is invested today and the rate of return is 8%? Multiple

What amount of cash would result at the end of one year, if $15,000 is invested today and the rate of return is 8%?

Multiple Choice 

  • $16,200 
  • $13,889 
  • $15,000 
  • $1,200

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