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Which of the following comes closest to the value at the end of year 7 of $600,000 deposited today in a bank that pays interest
Which of the following comes closest to the value at the end of year 7 of $600,000 deposited today in a bank that pays interest at the rate of 7.25% compounded monthly? a. $995,159 b. $1,042,555 c. $955,355 d. $979,337 e. $1,025,750
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