If $3,000 Is Deposited at the Beginning of Each Quarter

question 113

Multiple Choice

If $3,000 is deposited at the beginning of each quarter into an account that earns 7% compounded quarterly, how long until the account contains $37,000? Express your answer as a whole number of quadrants. ​

• A)13 quarters
• B)12 quarters
• C)14 quarters
• D)15 quarters
• E)9 quarters