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    Exam 10: Consumer Mathematics
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    Use the Compound Interest Formula to Compute the Total Amount
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Use the Compound Interest Formula to Compute the Total Amount

Question 182

Question 182

Multiple Choice

Use the compound interest formula to compute the total amount accumulated.
-$100 for 3 years at 3% compounded quarterly


A) $109.00
B) $102.27
C) $109.38
D) $109.27

Correct Answer:

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