Keisha Has $3,500 Now and Plans on Investing It in a Fund

question 53

Multiple Choice

Keisha has $3,500 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly.How much will Keisha have accumulated after 2 years?

• A)$4,433.80
• B)$4,340.00
• C)$4,390.40
• D)$3,920.00
• E)$3,500.00

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Definitions:

Malpractice

Negligence or incompetent professional behavior, often resulting in injury or loss.

Negligence

The failure to exercise appropriate care or to act in a manner expected of a reasonable person, resulting in harm or damage.

Misfeasance

Improperly performing a lawful act, which can lead to legal liability.

Malfeasance

The performance by a public official of an act that is legally unjustified, harmful, or contrary to law.