Find the Amount Accumulated After Investing a Principal P for T

question 324

Multiple Choice

Find the amount accumulated after investing a principal P for t years at an interest rate r.
-P = $480, t = 6, r = 10%, compounded quarterly (k = 4)

• A) $847.01
• B) $850.35
• C) $388.19
• D) $868.19

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