Multiple Choice
Which of the following amounts is closest to the end value of investing $10,000 for 18 months at a stated annual interest rate of 12% compounded quarterly?
A) $11,800
B) $11,852
C) $11,940
D) $11,961
E) None of these. is within $100 of the correct answer.
Correct Answer:
Verified
Correct Answer:
Verified
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