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You have decided to invest money in an Individual Savings Account (ISA) at HSBC bank, who are ready to offer you a 0.55% annual interest

You have decided to invest money in an Individual Savings Account (ISA) at HSBC bank, who are ready to offer you a 0.55% annual interest rate which is paid monthly. Calculate the value of your investment in 8 years if your initial deposit is 2,500

A.

3,752

B.

7,255

C.

2,612

D.

2,713

E.

2,840

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