If You Put $6,000 in a Savings Account That Yields

question 23

Multiple Choice

If you put $6,000 in a savings account that yields an 1% rate of interest compounded daily, what will the investment be worth at the end of one year?

• A) $6060.00
• B) $6,060.30
• C) $6,006.03
• D) $6,760.95

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