4
QuizMultiple Choice

Interest

Question 4 • FT GMS AMDM B IC – 72

Solve the problem. Round to the nearest cent.Stan’s savings account has a balance of $1986. After 23 years, what will the amount of interest be at 4% compounded annually?a.$2908.93c.$2913.93b.$2899.93d.$794.40

Answer
A
A
B
B
C
C
D
D
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Solve the problem. Round to the nearest…