You decide to deposit $3,000 at a local bank for three years at a 5% rate of interest compounded quarterly. The future value of your investment is approximately equal to ________. (Use the formula method and round to the nearest dollar.
A) $3,450
B) $3,482
C) $3,479
D) $3,484

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The Answer of You decide to deposit $3,000 at a local bank for three years at a 5% rate of interest compounded quarterly. The future value of your investment is approximately equal to ________. (Use the formula method and round to the nearest dollar.
A) $3,450
B) $3,482
C) $3,479
D) $3,484

You Decide to Deposit $3,000 at a Local Bank for Three