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Find the Accumulated Amount a If the Principal P Is

Question 195

Multiple Choice

Find the accumulated amount A if the principal P is invested at an interest rate of r per year for t years. Round your answer to the nearest cent. ​
P = $2,400, r = 6%, t = 10, compounded semiannually
​


A) A = $4,353.64
B) A = $4,373.09
C) A = $4,334.67
D) A = $4,298.03

Correct Answer:

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