ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Josh Ragsdale opens a savings account with $10, 000. The account pays 12% interest and is compounded monthly. At the beginning of each month he deposits another $1000. How much will he have in his account after 6 months?
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15, 767.21 or 15, 767.22
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10, 615.20 or 10, 615.21
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10, 510.10 or 10, 510.11
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None of the above
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Explanation:
There is 1 question to complete.