​What Is the Resulting Balance If $4,500 Is Invested for 5

question 305

Multiple Choice

​What is the resulting balance if $4,500 is invested for 5 years at an annual rate of 7% compounded monthly?

• A) ​$4,632.79
• B) ​$4,687.00
• C) ​$6,075.00
• D) ​$6,379.31
• E) ​$8,258.80

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Definitions:

Maltase

An enzyme that breaks down maltose into glucose, aiding in carbohydrate digestion.

Digestive Organ

An organ that is part of the digestive system and helps in the breakdown and absorption of food, such as the stomach, liver, or intestines.

Optimum Temperature

The temperature at which a specific enzymatic or metabolic process achieves its highest rate of efficiency.

Optimum PH

The specific pH level at which an enzyme or biological process operates with maximum efficiency.