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 I for the given P, n, and i. Round your answer to two decimal places. $800 for 16 years at 9.75%
A) $3544.56
B) $2744.56
C) $3090.16
D) $4344.56
E) $2429.67

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 I for the given P, n, and i. Round your answer to two decimal places.   $800 for 16 years at 9.75%
A) $3544.56 
B) $2744.56 
C) $3090.16 
D) $4344.56 
E) $2429.67

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 I for the given P, n, and i. Round your answer to two decimal places.   $800 for 16 years at 9.75%
A) $3544.56 
B) $2744.56 
C) $3090.16 
D) $4344.56 
E) $2429.67

If $P Is Invested for N Years at Rate I