Multiple Choice
Find the accumulated amount A if the principal P = $10,000 is invested at the interest rate of r = 5% per year for t = 8.5 years, compounded quarterly.
A) The accumulated amount is $15,383.81.
B) The accumulated amount is $14,584.42.
C) The accumulated amount is $15,612.78.
D) The accumulated amount is $15,255.66.
Correct Answer:
Verified
Correct Answer:
Verified
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