Find the Accumulated Amount a If the Principal P Is

question 252

Multiple Choice

Find the accumulated amount A if the principal P is invested at an interest rate of r per year for t years. Round your answer to the nearest cent. P = $2,500, r = 6%, t = 15, compounded semiannually

• A) A = $6,108.05
• B) A = $5,991.40
• C) A = $6,068.16
• D) A = $6,149.01

---

Definitions:

WAN

Wide Area Network, a telecommunications network that extends over a large geographical distance, used to connect different local area networks (LANs) to allow for communication between them.

Ethernet

A family of technologies for local area networks (LANs) that facilitates the interconnection of computers and devices.

LAN

Short for Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, or office building.

Internet

A global system of interconnected computer networks that use the Internet Protocol suite (TCP/IP) to communicate between networks and devices.