If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years ?
A. 4387.42
B. 3387.42
C. 5387.42
D. 6387.42
Answer:C
If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years ?
A. 4387.42 B. 3387.42 C. 5387.42 D. 6387.42