Keisha has $3,500 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly.How much will Keisha have accumulated after two years?
A) $4,433.80
B) $4,340.00
C) $4,390.40
D) $3,920.00
E) $3,500.00

Name: Keisha has $3,500 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly.How much will Keisha have accumulated after two years? A) $4,433.80 B) $4,340.00 C) $4,390.40 D) $3,920.00 E) $3,500.00
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Question

Quizplus · Accepted Answer

$3,500 x 1.2668 = $4,433.80

Keisha Has $3,500 Now and Plans on Investing It in a Fund