ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Robert invested $200 in a retirement account that had a rate of 20% that compounds annually. If Robert leaves his money in for 3 years, how much money will be in his account rounded to the nearest cent?
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$240.50
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$300.60
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$288.00
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$345.60
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Explanation:
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