Harry Just Received $2,000 for Graduation

question 23

Multiple Choice

Harry just received $2,000 for graduation.He plans on investing this money for five years at 8% compounded annually.If he accomplishes this,Harry will have in an ending balance of (Use time value tables or financial calculator)

• A)$2,160.
• B)$2,520.
• C)$2,608.
• D)$2,938.
• E)$3162.

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