If $P is invested for n years at rate i (as a decimal), compounded annually, the future value that accrues is given by , and the interest earned is Find S for the given P, n, and i. Round your answer to two decimal places. $750 for 15 years at 10.25%
A) $2491.46
B) $3573.71
C) $2940.10
D) $3991.46
E) $3241.46

Question

If $P is invested for n years at rate i (as a decimal), compounded annually, the future value that accrues is given by , and the interest earned is Find S for the given P, n, and i. Round your answer to two decimal places.   $750 for 15 years at 10.25%
A) $2491.46 
B) $3573.71 
C) $2940.10 
D) $3991.46 
E) $3241.46

Quizplus · Accepted Answer

The Answer of If $P is invested for n years at rate i (as a decimal), compounded annually, the future value that accrues is given by , and the interest earned is Find S for the given P, n, and i. Round your answer to two decimal places.   $750 for 15 years at 10.25%
A) $2491.46 
B) $3573.71 
C) $2940.10 
D) $3991.46 
E) $3241.46

If $P Is Invested for N Years at Rate I