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QUESTION 13 Evgeny just deposited $3,700 in an account that will earn 6.1 percent per year in compound interest for 9 years.
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Answer #1

rate positively ..

Future value =
3700*(1+6.1%)^9 $     6,304.35
amount invested by Svetlana = 4000
Interested required to earn = $          2,304.35
Annual interest = $             329.19
2304.35/7
Interest % = 8.23%
329.19/4000
answer is option d) 8.23%(Plus or minus .02 %)
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