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A) $730125
B) $19,301

Question 92

Multiple Choice

P(1+rk) kn for P=$12,000,n=6,r=8%,k=4\mathrm { P } \left( 1 + \frac { \mathrm { r } } { \mathrm { k } } \right) ^ { \mathrm { kn } } \text { for } \mathrm { P } = \$ 12,000 , \mathrm { n } = 6 , \mathrm { r } = 8 \% , \mathrm { k } = 4


A) $7301.25
B) $19,301.25
C) $18,922.79
D) $19,042.49

Correct Answer:

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