Michaela Is Supposed to Pay $15,000 to Mahmoud, but Due

question 294

Multiple Choice

Michaela is supposed to pay $15,000 to Mahmoud, but due to financial constraints, has to be delayed by on quarter. Determine the future amount if the rate of interest is 11.45%

• A) $14,618.43
• B) $14,727.31
• C) $15,429.38
• D) $15,631.42
• E) $17,727.66

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