Multiple Choice
You invest $10 000 in a savings account that pays interest of 8% compounded monthly. What is the value of your account after 14 months?
A) $10 970.88
B) $10 904.88
C) $10 074.88
D) $10 004.88
E) $10 974.88
Correct Answer:
Verified
Correct Answer:
Verified
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