If $3,000 is deposited at the beginning of each quarter into an account that earns 7% compounded quarterly, how long until the account contains $37,000? Express your answer as a whole number of quadrants.
A)13 quarters
B)12 quarters
C)14 quarters
D)15 quarters
E)9 quarters

Question

If $3,000 is deposited at the beginning of each quarter into an account that earns 7% compounded quarterly, how long until the account contains $37,000? Express your answer as a whole number of quadrants. ​
A)13 quarters
B)12 quarters
C)14 quarters
D)15 quarters
E)9 quarters

Quizplus · Accepted Answer

The Answer of If $3,000 is deposited at the beginning of each quarter into an account that earns 7% compounded quarterly, how long until the account contains $37,000? Express your answer as a whole number of quadrants. ​
A)13 quarters
B)12 quarters
C)14 quarters
D)15 quarters
E)9 quarters

If $3,000 Is Deposited at the Beginning of Each Quarter