taywidner taywidner

08-05-2024
Mathematics

Answered

$5277 invested for 3 years at 6% compounded quarterly
A) $6314.88
B) $6309.28
C) $6301.01

Answer :

mathstudent55 mathstudent55

08-05-2024

Answer:

B) $6309.28

Step-by-step explanation:

F = P(1 + r/n)^(nt)

F = 5277(1 + 0.06/4)^(4 × 3)

F = 6309.28

Answer: B) $6309.28

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