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If $P Is Invested for N Years at Rate I

Question 15

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. $750 for 15 years at 10.25% A) $2491.46 B) $3573.71 C) $2940.10 D) $3991.46 E) $3241.46 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. $750 for 15 years at 10.25% A) $2491.46 B) $3573.71 C) $2940.10 D) $3991.46 E) $3241.46 $750 for 15 years at 10.25%


A) $2491.46
B) $3573.71
C) $2940.10
D) $3991.46
E) $3241.46

Correct Answer:

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