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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Pertaining to activities, affairs, or products within one's own country, as opposed to international or foreign.

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Pertaining or relating to interactions or relations between nations; worldwide in scope or application.

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A social and political movement advocating for the rights and equality of women in various aspects of society.

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A decades-long struggle, notably during the 1950s and 1960s, for African Americans to gain equal rights under the law in the United States.