The Balance of a Savings Account T Months Since It

question 30

Multiple Choice

The balance of a savings account t months since it was opened depends on the APR.If the APR is A, expressed as a decimal, then the balance is given by . ​
What is the balance after 8.00 years if the APR is 6.00 percent? (Be sure first to express the APR as a decimal.)
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• A) $161923.43
• B) $10198.15
• C) $6575.19
• D) None of the above