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1. When Jason was 16 years old, he deposited $200 in an account that camned 2-% interest compounded daily. If he makes no other deposits or withdrawals, what is Jason's bal…

1. When Jason was 16 years old, he deposited $200 in an account that camned 2-% interest compounded daily. If he makes no other deposits or withdrawals, what is Jason's bal…
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5 votes
1. When Jason was 16 years old, he deposited $200 in an account that camned 2-% interest compounded daily. If he makes

no other deposits or withdrawals, what is Jason's balance at age 20?
a. $218.66
b. $222.51
c. $306.42
d. $340.91

asked
User Valerybodak
by
8.3k points

1 Answer

4 votes

Answer:

D. $340.91

Explanation:

answered
User Ankit Marothi
by
8.1k points
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