Multiple Choice
Use the compound interest formula to determine the accumulated balance after the stated period. Assume that interest iscompounded annually.
-$2000 is invested at an APR of 1.8% for 2 years.
A) $72.00
B) $37.50
C) $2036.00
D) $2072.65
Correct Answer:
Verified
Correct Answer:
Verified
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