Multiple Choice
Determine the balance A ( to the nearest cent) for P=3,000 dollars invested at a rate r=9% for t=10 , compounded 365 times per year. Round the answer to two decimal places.
A) $9,855.00
B) $8,042.90
C) $7,378.81
D) $6,027.12
E) $7,377.99
Correct Answer:
Verified
Correct Answer:
Verified
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