Use this information to answer the following question. A single deposit of $7,000 made at the beginning of period 1 and earning 12 percent interest compounded annually would grow to how much at the end of three years?
A)$7,840
B)$9,835
C)$8,778
D)$23,618

Question

Use this information to answer the following question.  A single deposit of $7,000 made at the beginning of period 1 and earning 12 percent interest compounded annually would grow to how much at the end of three years?
A)$7,840 
B)$9,835 
C)$8,778 
D)$23,618

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question.  A single deposit of $7,000 made at the beginning of period 1 and earning 12 percent interest compounded annually would grow to how much at the end of three years?
A)$7,840 
B)$9,835 
C)$8,778 
D)$23,618

Use This Information to Answer the Following Question