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What is your ending balance using compound interest of an investment of $1,550 with an interest rate of 8.0% after 20 years? $7,224.48 $2,480.00 $16,340.00

What is your ending balance using compound interest of an investment of $1,550 with an interest rate of 8.0% after 20 years?

$7,224.48

$2,480.00

$16,340.00

$5,745.34

$5,087.64

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