Question: help please You decide to deposit $6,000 at a local bank for two years at a 7% rate of interest compounded annually What is the
help please
You decide to deposit $6,000 at a local bank for two years at a 7% rate of interest compounded annually What is the future value of your investment? (Do not round any intermediary calculations, and round your final answer to the nearest dollar ) Use the formula approach A. $6,000 B. 56,869 C. $6,420 D. $6,893
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