Find the Principal That Will Grow to $11 019

question 82

Multiple Choice

Find the principal that will grow to $11 019.45 at 6% compounded semi-annually in 5 years and five months.

• A) $8661.65
• B) $8000.00
• C) $7980.32
• D) $1630.33
• E) $788.57

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Definitions:

Reptiles

Cold-blooded vertebrates featuring scales or scutes, including snakes, lizards, turtles, crocodiles, and birds.

Internal Fertilization

A mode of reproduction in which sperm fertilizes an egg within the female body.

Horny Scales

Hardened skin structures found in certain animals, like reptiles, for protection and water retention.

Jawless Fish

Fish species that belong to the superclass Agnatha, which lack true jaws, including lampreys and hagfish.