Multiple Choice
Which of the following formulas would you use to correctly calculate the future amount of an investment of $600 that was earning interest at 8% annually for three years?
A) $600 * 1.08 * 1.08 * 1.08
B) $600 * 1.08 * 3
C) 3 * $600 * 0.08
D) (1.08 * 3) * $600
Correct Answer:
Verified
Correct Answer:
Verified
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