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Lada Lada
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6 years ago
Two years after Michelle deposited $25 000 in a TD Bank savings account that earned interest at 2.25% compounded monthly, the rate of interest was changed to 5.75% compounded semi-annually. How much was in the account fifteen years after the deposit was made?
A) $26149.59
B) $54641.30
C) $61201.27
D) $58510.72
E) $54629.87
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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