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Find the Accumulated Amount a If the Principal P Is

Question 190

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 = $180,000, r = 8%, t = 4, compounded daily


A) A = $247,619.90
B) A = $247,874.31
C) A = $247,883.00
D) A = $244,888.01

Correct Answer:

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