Multiple Choice
If $49000 is invested at an interest rate of 2.5% per year find the amount of the investment at the end of 20 years if the money is compounded monthly. Round to the nearest hundredth.
A) $50239.13
B) $49000
C) $80292.21
D) $80745.33
E) $51082.58
Correct Answer:
Verified
Correct Answer:
Verified
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