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Find the Compound Amount for the Deposit $110,000\$ 110,000 At 1.41%1.41 \%

Question 41

Multiple Choice

Find the compound amount for the deposit. Round to the nearest cent.
- $110,000\$ 110,000 at 1.41%1.41 \% compounded quarterly for 5 years.


A) $111,952.47\$ 111,952.47
B) $145,548.70\$ 145,548.70
C) $117,976.80\$ 117,976.80
D) $118,020.27\$ 118,020.27

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