If $6,000 Is Invested at an Annual Rate of 9

question 81

Multiple Choice

If $6,000 is invested at an annual rate of 9% per year compounded monthly, the future value S at any time t (in months) is given by . What is the amount after 1 year? Round your answer to the nearest cent. ​

• A)$6,480.00
• B)$17,668.08
• C)$6,565.05
• D)$6,045.00
• E)$6,562.84

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