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

question 61

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? (^{PV of $1}, ^{FV of $1}, ^{PVA of $1}, and ^{FVA of $1}) (Use appropriate factor(s) from the tables provided.)

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

---

Definitions:

Mimicry

The action or art of imitating someone or something, often used as a learning method or survival mechanism.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.

Differentiation

A strategy used by businesses to distinguish their products or services from competitors', often through quality, innovation, or customer service.

Lag

A delay or time taken for a process or variable to adjust after a change in another variable or the initiation of a process.