5
QuizMultiple Choice

Personal Savings and Consumer Credit: Part Two — Test

Question 5 • Advanced Financial Algebra

Ashanti invests $2,500 with an annual rate of 4.5% compounded quarterly. What is the amount after 0.75 years? A=P⁢(1+(r)/(n))^n⁢t

Answer
A
3 dollars comma 442 point 2 3
B
2 dollars comma 508 point 4 0
C
2 dollars comma 581 point 2 5
D
2 dollars comma 585 point 3 3
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