You Just Deposited $6,500 in a Bank Account That Pays

Multiple Choice

You just deposited $6,500 in a bank account that pays a 4.0% nominal interest rate,compounded quarterly.If you also add another $5,000 to the account one year (4 quarters) from now and another $7,500 to the account two years (8 quarters) from now,how much will be in the account three years (12 quarters) from now?

A) $20,543.18
B) $15,407.38
C) $17,461.70
D) $20,748.61
E) $24,857.24