Multiple Choice
You decide to deposit $3,000 at a local bank for three years at a 5% rate of interest compounded quarterly. The future value of your investment is approximately equal to ________. (Use the formula method and round to the nearest dollar.
A) $3,450
B) $3,482
C) $3,479
D) $3,484
Correct Answer:
Verified
Correct Answer:
Verified
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