June made an initial deposit of $4700 in an account for her son. Assuming an interest rate of 8% compounded quarterly, how much will the account be worth in 12 years?
A) $11,920.81
B) $12,047.53
C) $12,159.23
D) $7710.85

Question

Quizplus · Accepted Answer

The Answer of June made an initial deposit of $4700 in an account for her son. Assuming an interest rate of 8% compounded quarterly, how much will the account be worth in 12 years?
A) $11,920.81
B) $12,047.53
C) $12,159.23
D) $7710.85

June Made an Initial Deposit of $4700 in an Account