Seebee Makes Quarterly (End of Period) Payments of $30,000 into a Pension

Multiple Choice

Seebee makes quarterly (end of period) payments of $30,000 into a pension fund earning 12 percent per year compounded quarterly for 10 years.How much interest will they have earned in 10 years?

A) $2,262,030
B) $2,105,880
C) $905,880
D) $1,062,030