Use the Formula to Find the Total Amount of Money

question 18

Multiple Choice

Use the formula to find the total amount of money accumulated at the end of the indicated time period for the following investments. Please round the answers to the nearest hundredth. $300 for 13 years at 8% compounded semiannually.

• A) $813.02
• B) $830.96
• C) $823.83
• D) $831.74
• E) $875.65

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