What Is the Final Amount of an Investment Where You

question 87

Multiple Choice

What is the final amount of an investment where you are making quarterly deposits of $672.31 at the end of the payment period for 7 years and 9 months? The interest rate is 6.16% compounded semi-annually.

• A) $26 811.16
• B) $28 611.16
• C) $26 611.57
• D) $28 811.16
• E) $26 407.57