If $800 Is Invested for X Years at an Annual

question 17

Multiple Choice

If $800 is invested for x years at an annual rate of 9%, compounded quarterly, the future value that will result is ​ ​
Determine the value of the investment after 5 years. Round your answer to two decimal places, if necessary.
​

• A)$2,241.76
• B)$4,483.53
• C)$1,230.90
• D)$3,683.53
• E)$360