Find the Amount That Results from the Investment $\$ 480$ Invested At

question 111

Multiple Choice

Find the amount that results from the investment.
- $\$ 480$ invested at $16 \%$ compounded quarterly after a period of 9 years

• A) \(\$ 1,894.12\)
• B) \(\$ 1,825.42\)
• C) \(\$ 1,969.89\)
• D) \(\$ 1,489.89\)

---

Definitions:

Domestic Output

The sum of all products and services generated inside a nation's boundaries.

Migration

The movement of people from one place to another with the intentions of settling, permanently or temporarily, in a new location.

Labor

Human effort used in production which can also include physical and mental effort.

Brain Drain

The emigration of highly trained or intelligent people from a particular country, often due to lack of opportunities or political instability.