Question 24
Multiple Choice
Complete the table to determine the balance A for P dollars invested at rate r for t years and compounded n times per year. P=$1100;r=2%;t=10 year
A) nA1$1,340.892$1342.214$1,342.8712$1,343.32365$1,343.54 continuous $1,343.54
B) nA1$1,340.892$1,343.544$1,342.8712$1,343.32365$1,343.32 continuous $1,343.54
C) nA1$1,340.892$1342.214$1,340.8912$1,343.32365$1,343.32 continuous $1,343.54
D) nA1$1342.212$1,340.894$1,342.8712$1,343.32365$1,343.54 continuous $1,343.54
E) nA1$1,340.892$1342.214$1,342.8712$1,343.54365$1,343.32 continuous $1,343.32
Correct Answer:

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