16. You save $2,000 in a savings deposit with APR of 5% with semiannual compounding. After 10 years the net increase of

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answerhappygod
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16. You save $2,000 in a savings deposit with APR of 5% with semiannual compounding. After 10 years the net increase of

Post by answerhappygod »

16. You save $2,000 in a savings deposit with APR of 5% with
semiannual compounding. After 10 years the net increase of
your savings account lies closest to:
A) $1,270
B) $1,280
C) $1,285
D) $1,290
Ans: B
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