Find the Amount of Money in an Account After 12

question 157

Multiple Choice

Find the amount of money in an account after 12 years if $4100 is deposited at 6% annual interest compounded quarterly.

• A) $8334.46
• B) $8378.26
• C) $8408.08
• D) $8250.01

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Definitions:

Offeror

The party in a contract who proposes the terms of an agreement to another party, awaiting acceptance or rejection.

Intent

The determination to perform a particular act or to act in a particular manner for a specific reason.

Contract

A legally binding agreement between two or more parties that outlines the terms and conditions of an arrangement.

Offeror

The party in contract negotiations who presents a proposal or offer to enter into an agreement, awaiting acceptance by the offeree.