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The Compound Interest Formula Can Be Rewritten as Find

Question 52

Multiple Choice

The compound interest formula can be rewritten as The compound interest formula can be rewritten as Find the principal amount that could have been invested on the day you were born at 8.5% annual interest compounded monthly to make you a millionaire on your 21st birthday. A) $211,070.25 B) $168,856.20 C) $242,730.79 D) $94,981.61 E) $126,642.15 Find the principal amount The compound interest formula can be rewritten as Find the principal amount that could have been invested on the day you were born at 8.5% annual interest compounded monthly to make you a millionaire on your 21st birthday. A) $211,070.25 B) $168,856.20 C) $242,730.79 D) $94,981.61 E) $126,642.15 that could have been invested on the day you were born at 8.5% annual interest compounded monthly to make you a millionaire on your 21st birthday.


A) $211,070.25
B) $168,856.20
C) $242,730.79
D) $94,981.61
E) $126,642.15

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