If $1250 is invested at a rate of 8 % compounded monthly, what is the balance after 10 years?

A) $2844.31
B) $2281.25
C) $1031.25
D) $1594.31

Name: If $1250 is invested at a rate of 8 % compounded monthly, what is the balance after 10 years? A) $2844.31 B) $2281.25 C) $1031.25 D) $1594.31
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Question

If $1250 is invested at a rate of 8  % compounded monthly, what is the balance after 10 years?

A) $2844.31 
B) $2281.25 
C) $1031.25 
D) $1594.31

Quizplus · Accepted Answer

The Answer of If $1250 is invested at a rate of 8  % compounded monthly, what is the balance after 10 years?

A) $2844.31 
B) $2281.25 
C) $1031.25 
D) $1594.31

If $1250 Is Invested at a Rate of 8