If a Savings Account Pays Interest at 4% Compounded Quarterly

Multiple Choice

If a savings account pays interest at 4% compounded quarterly, then the amount of $1 left on deposit for 8 years would be found in a table using

A) 8 periods at 4%.
B) 8 periods at 1%.
C) 32 periods at 4%.
D) 32 periods at 1%.