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Find the Compound Interest Earned

Question 12

Multiple Choice

Find the compound interest earned. Round to the nearest cent:
-$600 at 5% compounded quarterly for 1 Find the compound interest earned. Round to the nearest cent: -$600 at 5% compounded quarterly for 1 years A) $95.45 B) $204.06 C) $46.43 D) $95.82 years


A) $95.45
B) $204.06
C) $46.43
D) $95.82

Correct Answer:

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