If $10,000 Is Invested at 16% Compounded Quarterly,then the Compound

question 49

Multiple Choice

If $10,000 is invested at 16% compounded quarterly,then the compound amount at the end of six years is

• A) $21,173.75.
• B) $24,278.09.
• C) $25,633.04.
• D) $26,678.42.
• E) $26,987.33.

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