You decide to deposit $5,000 at a local bank for three years at a 8% rate of interest compounded quarterly.The future value of your investment is most nearly equal to ________.
A)$6,200
B)$6,340
C)$6,430
D)$6,800

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The Answer of You decide to deposit $5,000 at a local bank for three years at a 8% rate of interest compounded quarterly.The future value of your investment is most nearly equal to ________.
A)$6,200
B)$6,340
C)$6,430
D)$6,800

You Decide to Deposit $5,000 at a Local Bank for Three