Scenario: Trinity Deposits $8,000 in a Bank at an Interest

question 108

Multiple Choice

Scenario: Trinity deposits $8,000 in a bank at an interest rate of 8 percent per year compounded annually.
-Refer to the scenario above.What will be the future value of the deposit after 2 years?

• A) $8,761.20
• B) $8,990.40
• C) $9,000
• D) $9331.20

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