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Use the Compound Interest Formulas A A=P(1+rn)ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t }

Question 71

Multiple Choice

Use the compound interest formulas A A=P(1+rn) ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t } and A = Pert to solve.
-Find the accumulated value of an investment of $1800 at 8% compounded quarterly for 2 years.


A) $1872.72
B) $2099.52
C) $2088.00
D) $2108.99

Correct Answer:

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