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Sam Monte Deposits $21,500 into Legal Bank, Which Pays 6

Question 112

Multiple Choice

Sam Monte deposits $21,500 into Legal Bank, which pays 6% interest that is compounded semiannually. Using the table in the handbook, what will Sam have in his account at the end of six years?


A) $29,760.30
B) $30,654.70
C) $30,456.07
D) $29,670.03
E) None of these

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