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If $360 is invested at an interest rate of 4% per year and is compounded quarterly, how much will th...
4 months ago
Q:
If $360 is invested at an interest rate of 4% per year and is compounded quarterly, how much will the investment be worth in 18 years? a)$175.86 b)$422.39 c)$430.61 d)$736.96
Accepted Solution
A:
The correct answer is d. - $736.96