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If $1250 Is Invested at a Rate of 8

Question 83

Multiple Choice

If $1250 is invested at a rate of 8 If $1250 is invested at a rate of 8 % compounded monthly, what is the balance after 10 years? A) $2844.31 B) $2281.25 C) $1031.25 D) $1594.31 % compounded monthly, what is the balance after 10 years?
If $1250 is invested at a rate of 8 % compounded monthly, what is the balance after 10 years? A) $2844.31 B) $2281.25 C) $1031.25 D) $1594.31


A) $2844.31
B) $2281.25
C) $1031.25
D) $1594.31

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