4
QuizMultiple Choice

Interest

Question 4 • FL-2102373-Personal Finance and Money Management Honors

Solve the problem. Round to the nearest cent.John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the amount he will have at the end of 3 years.

Answer
A
$3742.73
B
$3128.29
C
$8044.22
D
$3632.20
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