Find the accumulated amount of $2,500,000 due in 15 years at the interest rate of 4% per year compounded yearly. 1) $4,000,000.00 2) $4,502,358.76 3) $4,537,271.93 4) $4,555,297.00

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Find the accumulated amount of $2,500,000 due in 15 years at the interest rate of
4% per year compounded yearly.
O 1) $4,000,000.00
2) $4,502,358.76
O 3) $4,537,271.93
O 4) $4,555,297.00
Transcribed Image Text:Find the accumulated amount of $2,500,000 due in 15 years at the interest rate of 4% per year compounded yearly. O 1) $4,000,000.00 2) $4,502,358.76 O 3) $4,537,271.93 O 4) $4,555,297.00
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