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    Exam 8: Mathematics of Finance: An Introduction to Basic Concepts and Calculations
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    If You Invest $13 500 for 18 Months at 6
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If You Invest $13 500 for 18 Months at 6

Question 28

Question 28

Multiple Choice

If you invest $13 500 for 18 months at 6.9% per annum simple interest,what is the value of your investment at the end of the 18 months?


A) $14 431.50
B) $14 897.25
C) $21 647.25
D) $22 815.00

Correct Answer:

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