Use the compound interest formula to compute the future value of the investment. Round to the nearest cent. $9000 at 1.25% compounded continuously for 7 years
A. $10,198.34
B. $9822.98
C. $9113.21
D. $1322.81
Answer: B
Mathematics
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A. 12.6 B. -3.4 C. 3.4 D. -12.6
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Solve the problem. Round to the nearest cent as needed.How many months will it take until an account will have $3,500 if $2,500 is invested now at 5% compounded monthly?
What will be an ideal response?
Mathematics
Solve the equation.2(1 + 2x) = 8
A. 2 B. 1 C. -1 D. 4
Mathematics