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Solve the Problem $5700\$ 5700 In an Account for Her Son 6%6 \%

Question 90

Multiple Choice

Solve the problem. Round to the nearest cent.
-June made an initial deposit of $5700\$ 5700 in an account for her son. Assuming an interest rate of 6%6 \% compounded quarterly, how much will the account be worth in 15 years?


A) $9043.20\$ 9043.20
B) $13,720.54\$ 13,720.54
C) $13,835.40\$ 13,835.40
D) $13,926.35\$ 13,926.35

Correct Answer:

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