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Use the Formula A=p(1+rn)ntA = p \left( 1 + \frac { r } { n } \right) ^ { n t }

Question 78

Multiple Choice

Use the formula A=p(1+rn) ntA = p \left( 1 + \frac { r } { n } \right) ^ { n t } to find the amount for the investment. $2,600 for 6 years at 3% compounded quarterly.


A) $3,110.68
B) $3,110.63
C) $3,110.53
D) $3,110.48
E) $3,110.58

Correct Answer:

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