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On May 25,1975 Three Pals Graduated from High School,pooled Together

Question 62

Multiple Choice

On May 25,1975 three pals graduated from high school,pooled together $1000 and put the money into an account promising to pay 8% for the next 30 years.On May 25,2005 they withdrew the money? To the nearest dollar,how much did they withdraw?


A) $2,400
B) $10,063
C) $32,400
D) None of the above are correct to the nearest dollar.

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