Multiple Choice
Solve the problem. When needed, use 365 days per year and 30 days per month.
-An initial investment of $480 is appreciated for 9 years in an account that earns 18% interest, compounded quarterly. Find the amount of money in the account at the end of the period.
A) $2129.02
B) $2240.33
C) $2341.14
D) $1861.14
Correct Answer:
Verified
Correct Answer:
Verified
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