At the Birth of Their Child, the Fieldsons Deposited $3000

question 278

Multiple Choice

At the birth of their child, the Fieldsons deposited $3000 in an account paying 5% interest, compounded quarterly.How much will be available when the child turns 11?

• A)$5,282.60
• B)$5,081.52
• C)$5,182.06
• D)$5,482.46
• E)$2,591.03

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