Mathematics, 14.01.2021 19:50 snap5236

An employee put $10,000 in a retirement account that offers 4% interest
compounded annually.
The employee makes no additional deposits or
withdrawals. Which amount is closest to the interest
the employee will have earned at the end of 12 years?
A) $4,520.14
B) $5,200.36
C) $6,010.32
D) $2,340.18

Answers: 1

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An employee put $10,000 in a retirement account that offers 4% interest
compounded annually.<...

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