byronrobertson5186 byronrobertson5186

05-01-2024
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On his daughter’s first birthday, Mr. Rummelhoff deposited $1000 into an account that pays 5% annual interest. Each succeeding birthday, he deposits another $1000.

a. The interest decreases each year
b. The interest rate is variable
c. The interest is compounded annually
d. No interest is earned

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