ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Julio invest $6, 100 into an account that earns 5.2% annual compound interest. If Julio make no additional deposits or withdrawals, which best represents the amount of interest Julio will earn after 8 years?
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$3, 050.73
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$9, 150.73
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$15, 250.73
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$2, 120.73
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Explanation:
Detailed explanation-1: -Answer: Therefore Julio will earn $3, 050.73 of interest after 8 years.
There is 1 question to complete.