Multiple Choice
A man makes $10 deposits each quarter into a savings account earning 8% interest compounded quarterly. He continues these deposits for 12 years. How much will the account be worth after 12 years?
A) $794
B) $827
C) $952
D) $1056
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q92: What is the APY for 6% compounded
Q93: Kamel bought a house in 1982 for
Q94: Katrina invested in her employer's stock program
Q95: Alex wants to make an investment that
Q96: Suppose that you have $4000 on deposit
Q98: A car was purchased in 1985 for
Q99: In Questions make the assumption that the
Q100: Suppose you invest $5000 and would like
Q101: Suppose that you want to save up
Q102: Use the geometric series formula to