Question: Help, Multiple choice Use the compound interest formula, A(t) = P(1 + )nt n After a certain number of years, the value of an investment

Help, Multiple choice

Help, Multiple choice Use the compound interest
Use the compound interest formula, A(t) = P(1 + )nt n After a certain number of years, the value of an investment account is represented by the equation A(t) = 7.250 (1 + 0.03/5 360 12 What is the value of the account A(t) (round to the nearest cent)? What was the initial deposit P made to the account? How many years t has the account been accumulating interest? What was the interest rate r (state as a percent)? A(t) = $22,092.42; P = $7,125; t = 30 years; r = 0.00375% O A(t) = $22, 192.42; P = $7,250; t = 32 years; r = 0.0375% O A(t) = $22,292.43; P = $7,250; t = 30 years; r = 3.75% A(t) = $22,392.43; P = $7,250; t = 30 years; r = 0.375%

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