Multiple Choice
At the birth of their child, the Fieldsons deposited $5000 in an account paying 8% interest, compounded quarterly.How much will be available when the child turns 11?
A) $11,849.73
B) $12,250.67
C) $5,975.14
D) $12,050.81
E) $11,950.27
Correct Answer:
Verified
Correct Answer:
Verified
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