Multiple Choice
Find the amount accumulated after investing a principal P for t years at an interest rate r.
-P = $14,000, t = 14, r = 8%, compounded semiannually (k = 2)
A) $41,981.85
B) $41,120.71
C) $27,981.85
D) $40,367.16
Correct Answer:
Verified
Correct Answer:
Verified
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