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

question 175

Multiple Choice

Solve the problem.
-An initial investment of $12,000 is invested for 2 years in an account that earns 4% interest, compounded quarterly. Find the amount of money in the account at the end of the period.

• A) $12,865.62
• B) $12,994.28
• C) $994.28
• D) $12,979.20

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