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
Correct Answer:
Verified
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