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17 January, 19:25

If $500 is invested at an annual interest rate of 8% per year, its future worth at the end of 30 years will be most nearly:

(A) $1,200

(B) $1,700

(C) $5,031

(D) $15,000

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  1. 17 January, 19:36
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    The interest over 30 years would be 1,200. Therefore you add that to the 500$ you started with. The answer is B) $1,700.
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