Multiple Choice
To save for a child's education, the Petersens deposited $2300 into an account that pays 4% annual interest compounded daily. Find the amount of interest earned on this account over a 10-year period. Round your answer to the nearest cent.
A) $3551.15
B) $3431.12
C) $2959.29
D) $2300.25
E) $1131.12
Correct Answer:
Verified
Correct Answer:
Verified
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