Multiple Choice
If Mr. Chips, Inc. invests $2,400,000 today at 6% annual interest and the money is compounded semiannually, how much will be in the bank account one year from the date invested?
A) $2,472,000
B) $2,544,000
C) $2,546,160
D) $2,547,273
Correct Answer:
Verified
Correct Answer:
Verified
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