Question: Rod deposits $ 2 5 , 0 0 0 in a bank, which offers a 6 % compound interest rate in a year. Assuming that

Rod deposits $25,000 in a bank, which offers a 6% compound interest rate in a year. Assuming that Rod cannot withdraw the money for 10 years, what will be the value of the $25,000 at the end of year 10?
Multiple choice question.
$44,771.19
$69,085.60
$42,087.73
$10,087.73

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