UESTION 5
When Janya was in 6th grade, she invested $1000 into an account that earns 15% interest, compounded quarterly. Six years later, she is a senior and she wants to withdraw the interest earned to help with college expenses. She will learn the initial investment of $1,000 in the account. How much will she withdraw?
a. $2,419
b. $1,150
c. $1,000
d. None of the above
