23
QuizMultiple Choice

Unit Test — Unit test

Question 23 • FL-2102371-Personal Finance and Money Management

An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. Approximately how much interest is earned on the investment?a.$4,740b.$7,458c.$7,672d.$17,567

Answer
A
A
B
B
C
C
D
D
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An investment of $9,875 earns 4.8% interest…