Calculate the Future Value of an Investment of $3,500, After

question 16

Multiple Choice

Calculate the future value of an investment of $3,500, after one year, if it is deposited in a savings account that is compounded quarterly at an annual rate of 11%. Round your answer to the nearest cent. ​

• A)$3,900.00
• B) $4,100.95
• C) $4,235.00
• D) $3,901.17
• E) None of these

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