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

question 127

Multiple Choice

Use the formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$ to find the amount requested.
-A principal of $14,000 is invisted in an account paying on annual interest rate of 10%. Find the amount in the account after 15 years if hte account is compounded quarterly.

• A) $46,507.19
• B) $57,625.90
• C) $58,481.47
• D) $60,507.19

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