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What will be the balance in a savings account paying

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Reference no: EM132919006

Question 1: At the end of two years, what will be the balance in a savings account paying 4% annually if $30000 is deposited today? The future value of one at 4% for one period is 1.04.

Option 1: $30000
Option 2: $32448
Option 3: $32400
Option 4: $31200

Reference no: EM132919006

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