Multiple Choice
Compound interest is computed quarterly on $700 for seven years at 12 percent annual interest.The future value table is used by multiplying the $700 by which factor?
A) 28 periods at 3 percent
B) 7 periods at 3 percent
C) 7 periods at 12 percent
D) 28 periods at 7 percent
Correct Answer:
Verified
Correct Answer:
Verified
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