An investment of $6,530 earns interest at the rate of 4% and is compounded quarterly. What is the accumulated value of the investment at the end of 8 years?a.$7,071.05b.$7,659.97c.$8,936.76d.$8,978.36

Name: Revolt
Rating: 4.5 (1200 reviews)

Question

Revolt · Accepted Answer

D

Test Review Test

An investment of $6,530 earns interest at the rate of 4% and is compounded quarterly. What is the accumulated value of the investment at the end of 8 years?a.$7,071.05b.$7,659.97c.$8,936.76d.$8,978.36

More from this Course