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You will deposit $5,000 today into an account that pays 12 percent nominal interest compounded annually. How much money will you have in the bank

You will deposit $5,000 today into an account that pays 12 percent nominal interest compounded annually. How much money will you have in the bank 22 years from today? A. $60,501.55 B. $523,014.47 C. $413.21 D. $39,636.44 E. $54,361.07

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