If $3,000 Is Deposited at the Beginning of Each Quarter

question 87

Multiple Choice

If $3,000 is deposited at the beginning of each quarter into an account that earns 6% compounded quarterly, how long until the account contains $42,000? Express your answer as a whole number of quadrants. ​

• A) 14 quarters
• B) 13 quarters
• C) 15 quarters
• D) 16 quarters
• E) 10 quarters

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Dynamic Workplace

A work environment characterized by constant change, activity, and progress.

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A technology-enabled meeting that allows participants in different locations to see and hear each other via video and audio transmissions.

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Direct and instant exchange of information between individuals without delay.

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Modifications made to the appearance, structure, or features of a product or system to improve functionality, efficiency, or aesthetic appeal.