Question 4 - Property Valuation and Appraisal Practice Test for the Real Estate License Exam

Jane is depositing $400 dollars in a savings account in hopes of earning interest. If the annual rate of interest is 6%, and she keeps the money in her account for 5 years, what would her balance be at the end of the 5 year period?

$535.29
$4194.30
$424.06
$2000.00

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