Which of the Following Amounts Is Closest to the End

question 121

Multiple Choice

Which of the following amounts is closest to the end value of investing $15,000 for 18 months at a stated annual interest rate of 12% compounded quarterly?

• A)$17,700
• B)$17,752
• C)$17,840
• D)$17,911
• E)None of the above is within $100 of the correct answer.

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