Use the Compound Interest Formula , Where P Is

question 52

Multiple Choice

Use the compound interest formula , where P is the original amount of the investment, i is the interest rate per compounded period, n is the total number of compounding periods, and A is the value of the investment after n periods. An investment broker deposits $1400 into an account that earns 4.4% annual interest compounded quarterly.
What is the dollar value of the investment after 7 years? Round to the nearest dollar.

• A) $ 4675
• B) $ 1902
• C) $ 1892
• D) $ 1511

---

Definitions:

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the body's tissues and returns carbon dioxide from the tissues back to the lungs.

Extravasation

Refers to the leakage of a fluid, often blood or drug solutions, from a vessel into the tissues surrounding it.

Hemochromatosis

A genetic disorder causing the body to absorb too much iron from the diet, leading to excess iron deposits in organs.

Leukocytes (WBC)

White blood cells that are part of the immune system, protecting the body against both infectious disease and foreign invaders.