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    A Survey of Mathematics
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    Exam 10: Consumer Mathematics
  5. Question
    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 3

Question 3

Multiple Choice

Use the compound interest formula to compute the total amount accumulated.
-$3500 for 6 years at 5.5% compounded monthly


A) $3891.78
B) $3597.36
C) $4864.72
D) $33,667.34

Correct Answer:

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