If you deposit $5000 into an account paying 6% annual interest compoun – McqOptions

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1.	If you deposit $5000 into an account paying 6% annual interest compounded monthly, how long until there is $8000 in the account?
A.	6.9
B.	7.9
C.	8.9
D.	9.9
Answer» C. 8.9

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