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A Principal of $3000 Is Invested at 5% Interest

Question 12

Multiple Choice

A principal of $3000 is invested at 5% interest.Find the amount after 20 years if the interest is compounded monthly. ​


A) $8137.92
B) $8135.92
C) $8139.92
D) $8136.92
E) $8138.92

Correct Answer:

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