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Find the Amount That Results from the Investment $1,000\$ 1,000 Invested At

Question 366

Multiple Choice

Find the amount that results from the investment.
- $1,000\$ 1,000 invested at 4%4 \% compounded semiannually after a period of 6 years


A) $268.24\$ 268.24
B) $1,243.37\$ 1,243.37
C) $1,268.24\$ 1,268.24
D) $1,265.32\$ 1,265.32

Correct Answer:

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