Multiple Choice
Find the amount accumulated after investing a principal P for t years at an interest rate r.
-P = $1,000, t = 2, r = 6% , compounded annually (k = 1)
A) $1191.02
B) $1060.00
C) $1123.60
D) $123.6
Correct Answer:
Verified
Correct Answer:
Verified
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