Multiple Choice
Which of the following amounts is closest to the end value of investing $7,500 for 2 1/2 years at an effective annual interest rate of 12.36%? Interest is compounded semiannually.
A) $7,531
B) $8,427
C) $9,818
D) $9,469
E) $10,122
Correct Answer:
Verified
Correct Answer:
Verified
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