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Solve the Problem $14,000\$ 14,000 Is Invested At 6%6 \% Interest Compounded Quarterly and Grows To

Question 274

Multiple Choice

Solve the problem.
- $14,000\$ 14,000 is invested at 6%6 \% interest compounded quarterly and grows to $16,738.65\$ 16,738.65 . For how long was the money invested? Round to the nearest year.


A) 3yr3 \mathrm { yr }
B) 12yr12 \mathrm { yr }
C) 9yr9 \mathrm { yr }
D) 2yr2 \mathrm { yr }

Correct Answer:

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