How much money should be invested now at a yearly rate of 8 percent compounded quarterly so that 10 years from now the account will be worth $11,000?
A) $506.34
B) $5,095.13
C) $9,023.83
D) $4,981.79

Question

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The Answer of How much money should be invested now at a yearly rate of 8 percent compounded quarterly so that 10 years from now the account will be worth $11,000?
A) $506.34
B) $5,095.13
C) $9,023.83
D) $4,981.79

How Much Money Should Be Invested Now at a Yearly