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    Finite Mathematics for Business Economics
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    Exam 3: Mathematics of Finance
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    Find the Compound Amount for the Deposit
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Find the Compound Amount for the Deposit

Question 38

Question 38

Multiple Choice

Find the compound amount for the deposit. Round to the nearest cent:
-$1100 at 3% compounded quarterly for 2 years


A) $1167.76
B) $1116.56
C) $1166.99
D) $1166.00

Correct Answer:

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