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Solve for X $8000\$ 8000 At an Annual Rate Of 5.4%5.4 \%

Question 70

Multiple Choice

Solve for x.
-Mary is investing $8000\$ 8000 at an annual rate of 5.4%5.4 \% compounded annually. How much money will Mary have after 6 years? Use the interest formula A=P(1+rn) ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t } . Round the answer to the nearest cent.


A) $50,592.00\$ 50,592.00
B) $10,592.00\$ 10,592.00
C) $106,712.26\$ 106,712.26
D) $10,968.16\$ 10,968.16

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