Question

An investment account pays 5.4% interest compounded quarterly. If
$4,000 is placed in this account, find the balance after 8 years. (Round to
the nearest cent).
O
A) $126,539.40
B) $6:092.35
O
O
C) $6,143.56
O
D) $21,525.81

Answer 1

The Correct Answer is C