Find the Amount Accumulated After Investing a Principal P for T

question 304

Multiple Choice

Find the amount accumulated after investing a principal P for t years at an interest rate r.
-P = $12,000, t = 3, r = 10%, compounded quarterly (k = 4)

• A) $15,972.00
• B) $15,745.04
• C) $4138.67
• D) $16,138.67

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