How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest compounded quarterly for 3 years?
A) $107.69
B) $133.10
C) $134.49
D)$313.84

Name: How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest compounded quarterly for 3 years? A) $107.69 B) $133.10 C) $134.49 D)$313.84
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Question

Quizplus · Accepted Answer

FV = PV(1 + r)^t$100 [1 + (.10/4)]^{(3 × 4)} = $134.49

How Much Will Accumulate in an Account with an Initial