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If $P Is Invested for N Years at Rate I

Question 24

Multiple Choice

If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by , and the interest earned is Find S for the given P, n, and i. Round your answer to two decimal places. If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by , and the interest earned is Find S for the given P, n, and i. Round your answer to two decimal places. $2400 for 9 years at 10% A) $5659.07 B) $3259.07 C) $5144.61 D) $929.81 E) $6224.98 If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by , and the interest earned is Find S for the given P, n, and i. Round your answer to two decimal places. $2400 for 9 years at 10% A) $5659.07 B) $3259.07 C) $5144.61 D) $929.81 E) $6224.98 $2400 for 9 years at 10%


A) $5659.07
B) $3259.07
C) $5144.61
D) $929.81
E) $6224.98

Correct Answer:

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