Multiple Choice
You invest $15,000 on December 2,2010 at a simple interest rate of r = 6%.Interest is to be calculated using ordinary interest (banker's rule) .What is the accumulated value of your investment on June 12,2011?
A) $15,407.50
B) $15,473.42
C) $15,477.53
D) $15,480.00
Correct Answer:
Verified
Correct Answer:
Verified
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