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(Solved): Your client invested $10,000 in an interest-bearing promissory note earning an 11% annual rate of in ...



Your client invested

$10,000

in an interest-bearing promissory note earning an

11%

annual rate of interest, compounded monthly. How much will the note be worth at the end of 7 years, assuming that all interest is reinertied at the 11X rate?

$13,788,43

$20,762.60

.

$21.04852

.

$21.522.04


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