How Much Will Accumulate in an Account with an Initial

question 17

Multiple Choice

How much will accumulate in an account with an initial deposit of $100, and which earns 10 percent interest compounded quarterly for three years?

• A)$107.69
• B)$133.10
• C)$134.49
• D)$313.84 FV = PV (1 + r)²

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