Multiple Choice
Michaela is supposed to pay $15,000 to Mahmoud, but due to financial constraints, has to be delayed by one quarter. Determine the future amount if the rate of interest is 11.45%
A) $14,618.43
B) $14,727.31
C) $15,429.38
D) $15,631.42
E) $17,727.66
Correct Answer:
Verified
Correct Answer:
Verified
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