A Principal of $2500 Is Invested at 2% Interest

question 37

Multiple Choice

A principal of $2500 is invested at 2% interest.Find the amount after 20 years if the interest is compounded quarterly. ​

• A)$3724.85
• B)$3727.85
• C)$3723.85
• D)$3726.85
• E)$3725.85

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Definitions:

Executive Information System

A type of management support system that provides senior executives with easy access to important internal and external information relevant to strategic decision-making.

Operating System

Software that manages computer hardware and software resources and provides common services for computer programs.

Electronic Spreadsheets

Software applications used for data organization, analysis, and storage in a tabular form, commonly used for accounting and financial calculations.

Managerial Judgment

The process by which managers make decisions based on a combination of facts, analysis, wisdom, experience, and intuition.