Use the Formula $A = p \left( 1 + \frac { r } { n } \right) ^ { n t }$

Multiple Choice

Use the formula $A = p \left( 1 + \frac { r } { n } \right) ^ { n t }$ to find the total amount of money accumulated at the end of the indicated time period for the following investments: $1,500 for 5 years at 4.5% compounded quarterly. The choices are rounded to the nearest cent.

A) $507.06
B) $6,941.67
C) $1,876.13
D) $750.45
E) $4,690.31