Find the Accumulated Amount a If the Principal P Is

question 190

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 = $180,000, r = 8%, t = 4, compounded daily

• A) A = $247,619.90
• B) A = $247,874.31
• C) A = $247,883.00
• D) A = $244,888.01

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Definitions:

Reflect

The act of light, sound, or heat waves being thrown back from a surface without being absorbed.

Stroma

A fluid space of the chloroplast, enclosed by the chloroplast inner membrane and surrounding the thylakoids; site of the reactions of the Calvin cycle.

Chloroplast

An organelle found in plant cells and some microorganisms that is the site of photosynthesis.

Fluid-filled Sac

A structure encapsulated by membranes containing liquid, which can serve various biological functions in animals and plants.