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If $P Is Invested for N Years at Rate I

Question 20

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 I 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 I for the given P, n, and i. Round your answer to two decimal places. $800 for 16 years at 9.75% A) $3544.56 B) $2744.56 C) $3090.16 D) $4344.56 E) $2429.67 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 I for the given P, n, and i. Round your answer to two decimal places. $800 for 16 years at 9.75% A) $3544.56 B) $2744.56 C) $3090.16 D) $4344.56 E) $2429.67 $800 for 16 years at 9.75%


A) $3544.56
B) $2744.56
C) $3090.16
D) $4344.56
E) $2429.67

Correct Answer:

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