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Find the Accumulated Amount a If the Principal P Is

Question 252

Multiple Choice

Find the accumulated amount A if the principal P is invested at an interest rate of r per year for t years. Round your answer to the nearest cent. P = $2,500, r = 6%, t = 15, compounded semiannually


A) A = $6,108.05
B) A = $5,991.40
C) A = $6,068.16
D) A = $6,149.01

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