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If $P Is Invested for N Years at Rate I

Question 103

Multiple Choice

If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by , and the interest earned is . Find I for the given P, n, and i. Round your answer to two decimal places. ​ $2,400 for 9 years at 8% ​ A) $4,797.61 B) $2,042.23 C) $1,133.19 D) $2,397.61 E) $7,197.61 , and the interest earned is If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by , and the interest earned is . Find I for the given P, n, and i. Round your answer to two decimal places. ​ $2,400 for 9 years at 8% ​ A) $4,797.61 B) $2,042.23 C) $1,133.19 D) $2,397.61 E) $7,197.61 . Find I for the given P, n, and i. Round your answer to two decimal places. ​
$2,400 for 9 years at 8%
​


A) $4,797.61
B) $2,042.23
C) $1,133.19
D) $2,397.61
E) $7,197.61

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