Green River Lodge Invests $80,000 in a Trust Account That

Multiple Choice

Green River Lodge invests $80,000 in a trust account that pays 4% interest compounded quarterly.
a) What will be the value of the investment in 5 years?
b) How much interest will be earned in the 5 years?
Round your answer to the nearest cent.

A) a) $17,615.20; b) $97,615.20
B) a) $117,138.24; b) $37,138.24
C) a) $117,138.24; b) $17,615.20
D) a) $97,615.20; b) $17,615.20
E) a) $97,615.20; b) $37,138.24