ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sierra wants to invest $5, 000 at her local bank. She will receive an interest rate of 1%, compounded annually. What is the value of her investment after two years?
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$20, 000
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$4, 500.00
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$5, 520.50
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$5, 100.50
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Explanation:
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