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If Danita invests \$6,000 at a simple annual interest rate of 5%, the future value of her investment at the end of a five-year period will be ... A.$1,650.

B.  $1,500. C.$4,500.

D.  $1,200 | 94 views ## 1 Answer 0 like 0 dislike B \$1,500.

To calculate the future value of her investment, multiply the principal by the simple interest rate (6,000 X 0.05 = \$300). Then, multiply that product by the number of years (300 X 5 =$1,500)
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