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How Much Extra Interest Do You Gain by Starting Today

Question 104

Multiple Choice

How much extra interest do you gain by starting today rather than waiting one year if you want to deposit $1710 per year for 28 years? You are able to earn 7.07% compounded annually.


A) $9689.63
B) $9896.63
C) $9869.63
D) $9889.63
E) $9999.63

Correct Answer:

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