19
QuizMultiple Choice

Unit Test — Unit test

Question 19 • FL-2102371-Personal Finance and Money Management

An investment of $6,599.20 earns 4.2% interest compounded monthly over 7 years. Approximately how much interest is earned on the investment?a.$2,250.96b.$4,308.21c.$6,762.59d.$8,850.20

Answer
A
A
B
B
C
C
D
D
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An investment of $6,599.20 earns 4.2% interest…