If you were able to invest $2,500 at a rate of 6.40% for six months, h
If you were able to invest $2,500 at a rate of 6.40% for six months, how much money would you have at the end of that period?
A) $2,349.62
B) $2,423.65
C) $2,578.76
D) $2,660.00
ANSWER
C
Explanation: C) FV = PV(1 + r)^n = $2,500 * (1.064 )^0.50 = $2,578.76.
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