Solve the Problem. -At the End of Every 3 Months, Judy Deposits $100

Multiple Choice

Solve the problem.
-At the end of every 3 months, Judy deposits $100 into an account that pays 6% compounded quarterly. After 4 years, she puts the accumulated amount into a certificate of deposit paying 7.5% compounded semiannually for
1 year. When this certificate matures, how much will Judy have accumulated?

A) $1930.25
B) $1823.20
C) $1920.96
D) $2072.31