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\$86,167 \$67,068 \$49,680
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# Question : \$86,167 \$67,068 \$49,680 : 2092

\$86,167

\$67,068

\$49,680

\$124,200

\$44,978

2. Jessica received a gift of \$8,000 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually. What will the value of Jessica's investment be at the end of 5 years?

\$12,000.00

\$8,800.00

\$13,031.20

\$10,000.00

\$11,200.00

3. Cody invests \$1,900 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation?

\$8,220.16

\$7,904.00

\$7,296.00

\$7,600.00

\$8,068.35

4. Jason has a loan that requires a single payment of \$5,700 at the end of 4 years. The loan's interest rate is 10%, compounded semiannually. How much did Jason borrow?

\$5,284.40

\$5,700.00

\$3,857.76

\$3,866.40

\$4,168.40

## Solution 5 (1 Ratings )

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