If $6,000 is invested at an annual rate of 9% per year compounded monthly, the future value S at any time t (in months) is given by . What is the amount after 1 year? Round your answer to the nearest cent.
A) $6,480.00
B) $17,668.08
C) $6,565.05
D) $6,045.00
E) $6,562.84

Question

If $6,000 is invested at an annual rate of 9% per year compounded monthly, the future value S at any time t (in months) is given by  . What is the amount after 1 year? Round your answer to the nearest cent. ​
A) $6,480.00 
B) $17,668.08 
C) $6,565.05 
D) $6,045.00 
E) $6,562.84

Quizplus · Accepted Answer

The Answer of If $6,000 is invested at an annual rate of 9% per year compounded monthly, the future value S at any time t (in months) is given by  . What is the amount after 1 year? Round your answer to the nearest cent. ​
A) $6,480.00 
B) $17,668.08 
C) $6,565.05 
D) $6,045.00 
E) $6,562.84

If $6,000 Is Invested at an Annual Rate of 9