Find the amount of money in an account after 12 years if $\$ 1900$ is deposited at $7 \%$ annual interest compounded annually.
A) $\$ 4279.16$
B) $\$ 4390.37$
C) $\$ 4338.32$
D) $\$ 4369.24$

Name: Find the amount of money in an account after 12 years if $\$ 1900$ is deposited at $7 \%$ annual interest compounded annually. A) $\$ 4279.16$ B) $\$ 4390.37$ C) $\$ 4338.32$ D) $\$ 4369.24$
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Question

Quizplus · Accepted Answer

The correct answer is A because the amount of money in the account after 12 years is $1900(1 + 0.07)^{12} = 4279.16$.

Find the Amount of Money in an Account After 12 $1900\$ 1900$1900

Find the Amount of Money in an Account After 12 $\$ 1900$