Interest Compounded Monthly on a $10,000 Principal Amount at 18

question 136

Multiple Choice

Interest compounded monthly on a $10,000 principal amount at 18% for two years is

• A) $1,800.
• B) $3,600.
• C) $3,924.
• D) $4,295.

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The characteristic of being truthful and upholding high ethical standards.

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