Multiple Choice
You have $10 000 to invest.If you invest it at 11.2% p.a.for six months,then invest the initial $10 000 together with any interest for a further 12 months at 12.7% p.a. ,what will be the value of your investment at the end of the 18-month period?
A) $11 901.12
B) $12 532.24
C) $11 830.00
D) $12 241.36
Correct Answer:
Verified
Correct Answer:
Verified
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