Use the periodic compound interest formula to solve the problem.Khang borrows $6250 at a rate of 9.5% compounded monthly. Find how much Khang owes at the end of 5 years. Round to the nearest cent.
A. $10,031.31
B. $6501.34
C. $377,968.75
D. $11,034.44
Answer: A
Mathematics
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A. 
B. 39
C. 374
D. 
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