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Banking Topic Test 2024/2025 updated Questions And Answers 100% correct Verified
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In the formula I=P·r·t, what does r stand for? a. Rate: the percent that interest is paid annually as a decimal b. Ratio: the size of the interest interval compared to time c. Return: how much money you end up earning d. Reserves: how much money you have in the investmentA Approximately how much principal would need to be placed into an account earning 3.575% interest compounded quarterly so that it has an accumulated value of $68,000 at the end of 30 years? a. $23,706 b. $23,377 c. $52,069 d. $58,944B
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Institution
BANK
Course
BANK
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- Course
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banking topic test updated questions and
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