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Problem Type: ___________________________. Mark Sharkey Robinson has invested $10,000 for a period of...

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Finance

  1. Problem Type: ___________________________.

Mark Sharkey Robinson has invested $10,000 for a period of five years in a WestpacBank term deposit paying 6% p.a., compounded monthly. If he does not withdraw any principal or interest, what will this account be worth at the end of five years?

  1. $10,252.51

  2. $13,382.26

  3. $13,488.50

  4. $16,534.21

  5. $32,987.69

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