Multiple Choice
Precision Engineering invested $110,000 at 6.5 percent interest,compounded annually for 4 years.How much interest on interest did the company earn over this period of time?
A) $2,481.25
B) $2,911.30
C) $3,014.14
D) $3,250.00
E) $3,333.33
Correct Answer:
Verified
Correct Answer:
Verified
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