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Find the Amount of Money in an Account After 11 $1100\$ 1100

Question 106

Multiple Choice

Find the amount of money in an account after 11 years if $1100\$ 1100 is deposited at 8%8 \% annual interest compounded quarterly. Assume no money is withdrawn.


A) $2644.26\$ 2644.26
B) $2606.91\$ 2606.91
C) $2629.06\$ 2629.06
D) $2564.80\$ 2564.80

Correct Answer:

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