If $P Is Invested for N Years at Rate I

question 15

Multiple Choice

If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by , and the interest earned is Find S for the given P, n, and i. Round your answer to two decimal places. $750 for 15 years at 10.25%

• A) $2491.46
• B) $3573.71
• C) $2940.10
• D) $3991.46
• E) $3241.46

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