Question
You invested $3,430 today on an account that compounds interest annually. The annual interest rate is 7.45%. What amount of interest will you earn in
You invested $3,430 today on an account that compounds interest annually. The annual interest rate is 7.45%. What amount of interest will you earn in one year?
Group of answer choices
$255.54
$222.23
$118.19
Correct answer is not available
$263.15
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
