Use the Formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$

Multiple Choice

Use the formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$ to find the amount requested.
-A principal of $1,000 is invisted in an account paying on annual interest rate of 5%. Find the amount in the account after 9 years if hte account is compounded quarterly.

A) $1551.33
B) $559.66
C) $1559.66
D) $1521.62