Multiple Choice
Today, Tony is investing $16,000 at 6.5 percent, compounded annually, for 4 years. How much additional income could he earn if he had invested this amount at 7 percent, compounded annually?
A) $323.22
B) $389.28
C) $401.16
D) $442.79
E) $484.08
Correct Answer:
Verified
Correct Answer:
Verified
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