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Keisha Has $3,500 Now and Plans on Investing It in a Fund

Question 61

Multiple Choice

Keisha has $3,500 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly. How much will Keisha have accumulated after 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)


A) $4,340.00
B) $3,920.00
C) $4,433.80
D) $3,500.00
E) $4,390.40

Correct Answer:

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