Multiple Choice
Suppose that a bank account paying 3% interest per year, compounded 3 times per year, contains $44,900 at the end of 15 years. What was the initial amount deposited in the bank account? Round your answer to the nearest cent.
A) $28,820.43
B) $28,944.55
C) $28,693.57
D) $28,819.60
Correct Answer:
Verified
Correct Answer:
Verified
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