Multiple Choice
How much money would have to be deposited on March 11 into an account earning a simple interest rate of 9.5% if the goal is to have the deposit grow to $12,000 by November 1?
A) $10,860.00
B) $11,175.45
C) $14,098.36
D) $11,308.33
E) $11,497.44
Correct Answer:
Verified
Correct Answer:
Verified
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