Use the Formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$

question 94

Multiple Choice

Use the formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$ to find the amount requested.
-A principal of $1,000 is invisted in an account paying on annual interest rate of 11%. Find the amount in the account after 12 years if hte account is compounded quarterly.

• A) $2498.45
• B) $3883.28
• C) $3151.76
• D) $3498.45

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Definitions:

Versailles Peace Conference

A meeting held in 1919 at the end of World War I, leading to the Treaty of Versailles, which imposed heavy penalties on Germany and sought to prevent future conflicts.

Woodrow Wilson

The 28th President of the United States (1913-1921), known for leading the country during World War I, advocating for the League of Nations, and implementing progressive domestic policies.

League of Nations

An international organization founded after World War I to promote world peace and cooperation, but was ultimately unable to prevent World War II, leading to its replacement by the United Nations.

Treaty of Versailles

The peace treaty that ended World War I, signed in 1919, which imposed heavy reparations and territorial losses on Germany, contributing to economic hardship and political instability in Germany.