Multiple Choice
Solve the problem.
-An initial investment of $12,000 is appreciated for 2 years in an account that earns 5% interest, compounded quarterly. Find the amount of money in the account at the end of the period.
A) $1253.83
B) $13,253.83
C) $13,230.00
D) $13,090.21
Correct Answer:
Verified
Correct Answer:
Verified
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