Find the Amount That Results from the Investment $\$ 12,000$ Invested At

question 363

Multiple Choice

Find the amount that results from the investment.
- $\$ 12,000$ invested at $5 \%$ compounded quarterly after a period of 2 years

• A) \(\$ 13,230.00\)
• B) \(\$ 13,253.83\)
• C) \(\$ 13,090.21\)
• D) \(\$ 1,253.83\)

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Definitions:

CPU

The Central Processing Unit (CPU), often simply referred to as the processor, is the brain of the computer where most calculations take place, rephrased as executing and interpreting instructions from the computer's hardware and software.

Cache Memory

A type of fast-access memory that stores frequently used data and instructions for quicker retrieval by the central processing unit.

High-speed Memory

Memory modules capable of fast data transfer rates, significantly enhancing computing performance.

Secondary Storage

Non-volatile storage that keeps data persistently saved even when not in active use, such as hard drives, SSDs, or cloud storage.