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How much money will you have in your bank account

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Question - You now have invested some money in your bank account with an interest rate of 5% every year. Two years later, you find out that you have $30,000 in your bank account. Then how much money will you have in your bank account 4 years later?

a. $31,500.00

b. $27,210.88

c. $28,571.43

d. $33,075.00

e. None of the above

Reference no: EM133148753

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