Multiple Choice
Solve the problem.
-At the end of every 3 months, Teresa deposits into an account that pays compounded quarterly. After 4 years, she puts the accumulated amount into a certificate of deposit paying compounded semiannually for 1 year. When this certificate matures, how much will Teresa have accumulated?
A)
B)
C)
D)
Correct Answer:

Verified
Correct Answer:
Verified
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