Annual yield question?

Flower9

New member
Joined
Feb 5, 2006
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14
If $6100 is deposited in an account with an annual yield of 4.4%, how much will be in the account after 7 years?

A) 6100(4.4)^7
B) 6100(1.044)^7
C) 6100(0.956)^7
D) 7(6100)^4.4

I beleive the answer to be B? Is that correct?

THANKS for any help!
 
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