Seebee Makes Quarterly (End-Of-Period) Payments of $30,000 into a Pension

question 15

Multiple Choice

Seebee makes quarterly (end-of-period) payments of $30,000 into a pension fund earning 12 percent per year compounded quarterly for 10 years. How much interest will it have earned in 10 years?

• A) $2,262,030
• B) $2,105,880
• C) $905,880
• D) $1,062,030

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