Multiple Choice
What interest will be earned if $5,800 is invested for 2 years at an annual rate of 9% compounded monthly? Round your answer to the nearest cent.
A) $7,586.35
B) $6,635.80
C) $7,191.44
D) $6,939.20
E) $45,884.28
Correct Answer:
Verified
Correct Answer:
Verified
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