Multiple Choice
Calculate the future value of an investment of $3,500, after one year, if it is deposited in a savings account that is compounded quarterly at an annual rate of 11%. Round your answer to the nearest cent.
A) $3,900.00
B) $4,100.95
C) $4,235.00
D) $3,901.17
E) None of these
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: When I was considering what to do
Q12: Find the effective annual interest rate of
Q13: How much would you have to invest
Q14: You invest $13,000 in Rapid Growth Funds,
Q15: Find the periodic withdrawal for an annuity
Q17: Find the simple interest on a $18,800
Q18: The simple interest on a $19,000 loan,
Q19: If Apple's stock underwent simple interest
Q20: Find the periodic withdrawal for an annuity
Q21: Find the simple interest on a $1,700