Multiple Choice
Seebee makes quarterly (end-of-period) payments of $30,000 into a pension fund earning 12 percent per year compounded quarterly for 10 years. How much interest will it have earned in 10 years?
A) $2,262,030
B) $2,105,880
C) $905,880
D) $1,062,030
Correct Answer:
Verified
Correct Answer:
Verified
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