Multiple Choice
Your parents put $500 into an account paying 7 percent interest for you when you were ten.Ten years later they tell you that you can take the money out of the account.What is the balance to the nearest penny?
A) $1,200.00
B) $1,111.77
C) $983.58
D) $850.00
Correct Answer:
Verified
Correct Answer:
Verified
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