At the End of Each Quarter,Patti Deposits $500 into an Account

question 25

Multiple Choice

At the end of each quarter,Patti deposits $500 into an account that pays 12% interest compounded quarterly.How much will Patti have in the account in three years?

• A)$7,096.
• B)$7,013.
• C)$7,129.
• D)$8,880.

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Definitions:

Legislative Power

The authority to make laws and alter or repeal them, usually vested in a parliament or legislative assembly.

Judicial Power

The authority granted to courts to interpret laws, adjudicate legal disputes, and administer justice.

Executive Power

The authority given to the executive branch of government to enforce laws and oversee the operation of the government.

Subpoena Duces Tecum

A legal order requiring a person to produce documents, records, or tangible evidence for a court proceeding.