If $1,200 is invested for x years at an annual rate of 7%, compounded quarterly, the future value that will result is
Determine the value of the investment after 8 years. Round your answer to two decimal places, if necessary.

A) $5,229.16
B) $10,458.32
C) $2,061.82
D) $9,258.32
E) $672

Question

If $1,200 is invested for x years at an annual rate of 7%, compounded quarterly, the future value that will result is ​  ​
Determine the value of the investment after 8 years. Round your answer to two decimal places, if necessary.
​
A) $5,229.16 
B) $10,458.32 
C) $2,061.82 
D) $9,258.32 
E) $672

Quizplus · Accepted Answer

The Answer is B

If $1,200 Is Invested for X Years at an Annual