Find the Accumulated Amount a If the Principal P =

question 156

Multiple Choice

Find the accumulated amount A if the principal P = $120,000 is invested at the interest rate of r = 6% per year for t = years compounded monthly. ​

• A) The accumulated amount is $169,964.44.
• B) The accumulated amount is $169,165.05.
• C) The accumulated amount is $169,293.20.
• D) The accumulated amount is $168,936.08.

---

Definitions:

Lynch Mobs

Groups of people who take the law into their own hands to punish an individual, often without a fair trial, historically associated with racial violence in the United States.

Loose Cigarettes

Single cigarettes sold individually, often illegally, as they bypass taxation and standard packaging regulations.

Eric Garner

An African American man whose death during an arrest in New York City sparked nationwide protests and debates over police use of force and racial discrimination.

Informal Social Control

The unofficial mechanisms through which norms and behaviors are enforced in society, such as peer pressure or community socialization, rather than through legal or formal means.