ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Emily’s parents put $1, 500 in her bank account for college tuition. At an interest rate of 8.25% compounded annually, what will be the total balance after 2 years?
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$3, 273.50
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$1, 314.08
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$2, 385.72
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$1, 757.71
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Explanation:
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