ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An investor puts $2, 500 into a life insurance policy that pays 8.5% simple annual interest. If no additional investment is made into the policy, how much accumulated interest should the investor expect at the end of 10 years?
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$ 21, 250.00
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$ 2, 125.00
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$ 212.50
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$ 21.25
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Explanation:
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