Find the Amount That Results from the Investment

question 287

Multiple Choice

Find the amount that results from the investment.
-$14,000 invested at 15% compounded semiannually after a period of 9 years

• A) $37,461.26
• B) $51,461.26
• C) $47,870.94
• D) $49,250.27

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Definitions:

Merchandise

Products or goods that are bought, sold, or traded in the retail or wholesale market.