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Find the Compound Interest Earned

Question 44

Multiple Choice

Find the compound interest earned. Round to the nearest cent. Do not use an interest table.
-$19,000 at 10% compounded quarterly for Find the compound interest earned. Round to the nearest cent. Do not use an interest table. -$19,000 at 10% compounded quarterly for year A) $6,289.00 B) $1,407.89 C) $1,460.92 D) $5,700.00 year


A) $6,289.00
B) $1,407.89
C) $1,460.92
D) $5,700.00

Correct Answer:

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