Question

An investment of $7,650 earns interest at the rate of 5% and is compounded quarterly. What is the accumulated value of the investment at the end of 9 years?
a.
$11,964.17
b.
$11,867.66
c.
$9,338.56
d.
$8,554.94

Answer 1

its $11,964.17 bc \[7650 \times (1 + \frac{ 0.05 }{ 4 }) 4 \times 9 = 11964.17\]

Answer 2

thank you @plohrr

Answer 3

mhm c;