Answered: You decide to invest $7,500 into an…

You decide to invest $7,500 into an account that pays 1.1% annual compound interest. How much money will be in the account after 8 years? A. $8,121.43 B. $8,160 C. $17,284.03 D. $8,185.98 E. $685.98

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 36E

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Multiple Choice Question

You decide to invest $7,500 into an account that pays 1.1% annual compound interest. How much money will be in the account after 8 years?

A. $8,121.43

B. $8,160

C. $17,284.03

D. $8,185.98

E. $685.98

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