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Algebra

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Moderate

Compounding Interest on Investment

ALGEBR-USSHQB

If you invest $\$12,000$ at $5.5$% interest, compounding daily for $7$ years, how much interest would you make?

A

$\$4,928.73$

B

$\$3,565.72$

C

$\$5634.86$

D

$\$5650$