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Find the Accumulated Amount a If the Principal P =

Question 156

Multiple Choice

Find the accumulated amount A if the principal P = $120,000 is invested at the interest rate of r = 6% per year for t = Find the accumulated amount A if the principal P = $120,000 is invested at the interest rate of r = 6% per year for t = years compounded monthly. ​ A) The accumulated amount is $169,964.44. B) The accumulated amount is $169,165.05. C) The accumulated amount is $169,293.20. D) The accumulated amount is $168,936.08. years compounded monthly. ​


A) The accumulated amount is $169,964.44.
B) The accumulated amount is $169,165.05.
C) The accumulated amount is $169,293.20.
D) The accumulated amount is $168,936.08.

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