Evaluate Round Dollar Amounts to the Nearest Cent and Other

question 260

Multiple Choice

Evaluate. Round dollar amounts to the nearest cent and other answers to the nearest thousandth when necessary.
- $$\mathrm { P } \left( 1 + \frac { \mathrm { r } } { \mathrm { k } } \right) ^ { \mathrm { kn } } \text { for } \mathrm { P } = \$ 1,000 , \mathrm { n } = 6 , \mathrm { r } = 7 \% \mathrm { k } = 1$$

• A) $1402.55
• B) $1605.78
• C) $500.73
• D) $1500.73

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