Which of the Following Amounts Is Closest to the End

question 65

Multiple Choice

Which of the following amounts is closest to the end value of investing $10,000 for 18 months at a stated annual interest rate of 12% compounded quarterly?

• A) $11,800
• B) $11,852
• C) $11,940
• D) $11,961
• E) None of these. is within $100 of the correct answer.

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