Find the Amount That Results from the Investment $\$ 1,000$ Invested At

question 262

Multiple Choice

Find the amount that results from the investment.
- $\$ 1,000$ invested at $6 \%$ compounded annually after a period of 8 years

• A) \(\$ 1,503.63\)
• B) \(\$ 593.85\)
• C) \(\$ 1,689.48\)
• D) \(\$ 1,593.85\)

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