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Amy got a $13,000 insurance settlement, which she wants to invest for her future home. If she invests it at 7.75%, with the interest compounded monthly, find the value of the account, to the nearest dollar, after 7 years. nt r Use the formula A=P 1+ in where A=value of the investment after t years, P=principal invested, r=annual interest rate, and n=number of times compounded per year. O A $18,230 B. $21,921 C. $22,325 D. $25,846

Amy got a $13,000 insurance settlement, which she wants to invest for her future home. If she invests it at 7.75%, with the interest compounded monthly, find the value of the account, to the nearest dollar, after 7 years. nt r Use the formula A=P 1+ in where A=value of the investment after t years, P=principal invested, r=annual interest rate, and n=number of times compounded per year. O A $18,230 B. $21,921 C. $22,325 D. $25,846

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A1.1.20 Please refer to the attached image for my question. Please show ALL your work. Thank you!

Amy got a $13,000 insurance settlement, which she wants to invest for her future home. If she invests it at 7.75%, with the interest compounded monthly, find the value of the account, to the nearest dollar, after 7 years. nt r Use the formula A=P 1+ in where A=value of the investment after t years, P=principal invested, r=annual interest rate, and n=number of times compounded per year. O A $18,230 B. $21,921 C. $22,325 D. $25,846
Transcribed Image Text:Amy got a $13,000 insurance settlement, which she wants to invest for her future home. If she invests it at 7.75%, with the interest compounded monthly, find the value of the account, to the nearest dollar, after 7 years. nt r Use the formula A=P 1+ in where A=value of the investment after t years, P=principal invested, r=annual interest rate, and n=number of times compounded per year. O A $18,230 B. $21,921 C. $22,325 D. $25,846
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