Mathematics, 11.03.2021 07:10 getsic

The value of an initial investment of $500 at 3% nominal interest compounded monthly can be modeled using which of the following equations, where t is the number of years since the investment was made? (A) A = 500(1.0025) (B) A = 500(1.0025) (C) A = 500(1.03) (D) A=500(0858)

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The value of an initial investment of $500 at 3% nominal interest compounded monthly can be modeled using which of the following equations, where t is the number of years since the investment was made? (A) A = 500(1.0025) (B) A = 500(1.0025) (C) A = 500(1.03) (D) A=500(0858)​

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The value of an initial investment of $500 at 3% nominal interest compounded monthly can be modeled using which of the following equations, where t is the number of years since the investment was made? (A) A = 500(1.0025) (B) A = 500(1.0025) (C) A = 500(1.03) (D) A=500(0858)