If a Savings Account Pays Interest at 4% Compounded Quarterly

question 81

Multiple Choice

If a savings account pays interest at 4% compounded quarterly, then the amount of $1 left on deposit for 5 years would be found in a table using

• A) 5 periods at 4%.
• B) 5 periods at 1%.
• C) 20 periods at 4%.
• D) 20 periods at 1%.

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