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If You Deposit $900 into an Account for Two Years

question 41

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If you deposit $900 into an account for two years and the interest rate is 4%,how much do you have at the end of the two years?


Definitions:

No-par Stock

Shares issued without a par value listed on the face of the stock certificate, allowing the company more flexibility in setting their value.

Redemption Value

The value at which a bond or other debt security can be redeemed before its maturity by the issuer.

State Of Incorporation

The specific state within the United States where a corporation is registered to conduct business under its laws.

Market Value

The going rate for an asset or service to be either bought or sold in a marketplace.

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