Solve the Problem. -An Initial Investment of $12,000 Is Appreciated for 2 Years

question 46

Multiple Choice

Solve the problem.
-An initial investment of $12,000 is appreciated for 2 years in an account that earns 5% interest, compounded quarterly. Find the amount of money in the account at the end of the period.

• A)$1253.83
• B)$13,253.83
• C)$13,230.00
• D)$13,090.21

---

Definitions:

Classic Entrepreneurs

Individuals who innovate, start, manage, and assume the risk for businesses with the aim to grow and succeed.

Innovations

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

Corporate Downsizing

The process of reducing a company's workforce to minimize expenses and improve operational efficiency.

Entrepreneur

An individual who organizes and operates a business or businesses, taking on financial risk to do so.