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    A Survey of Mathematics
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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 189

Question 189

Multiple Choice

Use the compound interest formula to compute the total amount accumulated.
-$3750 for 12 years at 6.5% compounded daily (use n = 360)


A) $3758.13
B) $4648.24
C) $8179.95
D) $7984.11

Correct Answer:

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