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MrsSmith Makes 20 Annual Deposits of $2000 into a Retirement

Question 11

Multiple Choice

Mrs.Smith makes 20 annual deposits of $2000 into a retirement savings account,first deposit made today.If she earns j1 = 5% on her money,how much does she have 25 years from today?


A) $66,131.91
B) $84,402.94
C) $88,623.08
D) $95,454.20

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