The balance of a savings account t months since it was opened depends on the APR. If the APR is A, expressed as a decimal, then the balance is given by
.
?
What is the balance after 8.00 years if the APR is 6.00 percent? (Be sure first to express the APR as a decimal.)
?

A. $161923.43
B. $10198.15
C. $6575.19
D. None of the above


Answer: B

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