Determine the Balance a ( to the Nearest Cent)for P=3,000

question 108

Multiple Choice

Determine the balance A ( to the nearest cent) for P=3,000 dollars invested at a rate r=9% for t=10 , compounded 365 times per year. Round the answer to two decimal places.

• A)$9,855.00
• B)$8,042.90
• C)$7,378.81
• D)$6,027.12
• E)$7,377.99

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