Multiple Choice
Use the compound interest formula to determine the accumulated balance after the stated period. Assume that interest iscompounded annually.
-$1070 is invested at an APR of 3.5% for 13 years.
A) $1519.40
B) $1556.85
C) $1673.43
D) $1616.84
Correct Answer:
Verified
Correct Answer:
Verified
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