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Elden [556K]
3 years ago
13

Which of the following is true of both paying with a check and paying with a debit card? A. Both work like a loan from your bank

that you can pay back later. B. When used, both take money directly out of a bank account. C. A personal identification number must be anytime checks or debit cards are used. D. Both are accepted by most people and most businesses?
Business
1 answer:
Sedaia [141]3 years ago
7 0
<span> B. When used, both take money directly out of a bank account.</span>
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Suppose you invest $2500 each year in a savings account that earns 12% per year. How much will be in the account in 10 years?
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Answer:

Final Value= $43,871.84

Explanation:

Giving the following information:

Suppose you invest $2500 each year in a savings account that earns 12% per year.

Number of years= 10

To calculate the final value we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 2,500

i= 0.12

n=10

FV= {2,500*[(1.12^10)-1]}/0.12= $43,871.84

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Answer:

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