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You plan to deposit $700 in a bank account now and $200 at the end of the year. If the account earns 2% interest per
You plan to deposit $700 in a bank account now and $200 at the end of the year. If the account earns 2% interest per year, what will be the balance in the account right after you make the second deposit? Which of the timelines correctly shows the cash flows from the perspective of the bank account? (Select the best choice below.) O A. Period Cash Flow OB. Period OC. Period Cash Flow Cash Flow - $200 OD. Period 0 Cash Flow $700 0 0 $700 0 - $700 1 $200 1 - $700 1 - $200 1 $200
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