What Interest Will Be Earned If $5,800 Is Invested for 2

question 92

Multiple Choice

What interest will be earned if $5,800 is invested for 2 years at an annual rate of 9% compounded monthly? Round your answer to the nearest cent. ​

• A)$7,586.35
• B)$6,635.80
• C)$7,191.44
• D)$6,939.20
• E)$45,884.28

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